Re: inflation question
Its all relative.<br /><br />What does a Mustang cost today? 20,000 thousand or so? And average entry level wages are about $7 a hour or there-a-bouts.<br /><br />In 1970 a Mustang cost around $5 grand. and entry level wages were about $1.25 a hour.<br /><br />Put a pencil to it..... Today you get a better car for less hours of working the same job as you did in years past.<br /><br />Its the same if you're buying a Harley, a boat, a car, a state of the art Mercury engine, a gallon of gas, or a loaf of bread.<br /><br />Today you get more machine for less hours of work at the same job than the guy who bought the same item 30 years ao.<br /><br />..<br /><br />Think about it.<br /><br />A guy that makes $3,000 a month looks at a $26,000 boat the same way a guy guy did in 1970 who was looking at a $6,ooo boat with a stack 6 115 on it and he was making $800 a month doing a average work-a-day job.<br /><br />When I was a kid, gas cost about 35 cents a gallon. I made $1.35/hr. One hour of washing dishes got me about 4 gallons of gas.<br /><br />A kid today washing dishes or sweeping floors can expect to earn about $6.50-7. an hour. (minimum wage is irrelevant)<br /><br />That buys him about 4 gallons of gas more or less up until last month, but everything will adjust I'm sure. And he's putting it into something other than a big block V-8, and that gets better than 8mpg like I did. So his gas money actually goes farther than mine did.<br /><br /><br />The point is, things are the same price, or perhaps cheaper now than they ever were in relation to how much money the average person makes at a given point in their life---- but our 'stuff' nowdays is better.
