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Speaking of the cost of stuff

W

Wile E

Well-known Member
The thread below on the haircut prices reminds me of times long ago.

Now I am in my mid 40s. I remember Soda pop out of a machine was 50 cents, then there is Penny candy, usually a nickel in the late 70s, I was a kid then. I do not remember gasoline cheaper than 85 cents per gallon which is the price when I started driving in 1984. Now Soda pop is in a plastic bottle and costs $1.50, Gasoline is $3.79 and penny candy is 50 cents, a gumball is 25 cents now. (remember when a gumball was a nickel) Taking a girl to the movies in 80s cost $9 for 2 tickets. I have not been to a movie in a few years, wife dragged me along last time.

Stuff that I buy,
I went to home depot to buy paint yesterday,
A paint brush is $8, a gallon of Behr house/fence stain is $24 a gallon, roller covers, $9 for 3 of them.

Some of you old timers likely remember when gasoline was 25 cents a gallon, a gumball was a penny and a gallon of house paint was $5.

Inflation aint my friend.
 
The easiest way I've found to track inflation is to monitor the price of a (first class) postage stamp. In 1968, it was 6 cents; 1978,13 cents; 2004, 37 cents; today, 46 cents
 
Nostalgia seems to forget what wages ans salaries were back then. A lot of the ratios are similar now, you"re just running through more dollars. Any raise to cover inflation simply creates more inflation. Unionists can"t understand that, Econ 101.
 
wile E,

I used to smoke cigarettes back in the 1960s. When the price per pack jumped from $.25 up to $.40, I had to quit due to the cost.

Some inflation probably isn't all that bad.

Tom in TN
 
A friend of mine told me that in 1977 when he started driving gas was 49 cents a gallon and a pack of smokes was also 49 cents.

I cannot understand how people can pay $6.50 a pack for smokes now. Must be a real addiction to pay that much.
 

Soda pop out of a machine was 10 cents, and you could get 2 cents back for the empty bottle. An ice cream bar was 5 cents.
Candy was 2 for a penny, and gasoline was 25 cents per gallon. Most cars back then would get an easy 20 to 25 miles per gallon. I am 63.
 
this was before my time 20 cents on the door the 10 cent tags are still inside
a161970.jpg
 
I used to go to the movies on Saturday afternoon. Saw a double feature movie and two cartoons. It cost 10 cents for kid under 12. 10 cents for a big box of popcorn or 5 cents for a 2 ounce Payday candy bar and 5 cents for a large fountain drink. For a whopping 25 cents, I had a lot of fun Saturdays. I was too young to drive so I walked a couple of miles to get there, but I do remember regular gas was 19.9 per gal at the Texaco station beside the theater.
 
Five and dime stores turned into dime stores.

Now they are dollar stores.

Pretty well sums it up.

In that time, grain prices have gone up and down, but per bu are not that much different from then to now.

Paul
 
Which 1960's cars would get over 20 MPG? I don't remember too many other than VW beetles, Corvairs and 4 cylinder Ford Falcons.

Most cars we had in the 1960's were basic full size 4 door sedans with a small v-8 and an automatic transmission that were lucky to get close to 15 MPG. Those cars had no air conditioning, power windows were only for luxury cars, power steering was OK, but power brakes were way too touchy to drive on ice. The radios were glorious AM with one speaker in the middle of the dash. Driving on gravel roads the rear quarter panels and rocker panels would start rusting through at about 5 years of age. By ten years old and 90,000 miles, most cars were about used up. If you can tell, I don't miss those old cars too much.

On the plus side, those cars only cost $2500 to $3000 new, they definitely had styling (good or bad), and highway speed limits were 70 MPH/day, 60 MPH night.

Have a good 4th!
 
Postage stamp here is a dollar last I checked. I remember filling up the old Ford for 50 cents a gallon back when I was making a dollar an hour stacking bales. Drinks were ten cents or maybe twelve a bottle and you got two cents back if you returned the bottle. I used to scout the ditches for empties as a kid sometimes to make a little spending money.
 
I remember what wages were back then and they went farther than they do now in general. My wife's first job paid $1.65 per hour. She paid all her bills, made a monthly payment on a used car, and still had money left over to put in the bank at the end of every week. Standard car insurance rates were $130- $150 per year colision included. High risk was between $200 and $230. second vehicles were another $25-$50 extra. In the late 60's $3,000 per yer was a pretty good living for a single guy and $7,000-$8,000 per made a decent living for a married guy with a couple of kids in our area. Nearly everyone could afford a snowmoblie or two and were swapping and updating every two or three years. Just about everybody swapped cars every two or three years becuase they could afford to. You could buy a bare bones Dart or Falcon for $1995 and if you took care of it, you got 90,000- 1000,000 miles on them before they nickel and dimed you to death. Now you pay $15,000- to $20,000 for a wheel barrow with seat belts and you are doing well to get to the 200,000 mark before they bury you in repair costs. Things have changed a lot over the years and I'm not sure these types of comparisons are really valid, but I do remember what wages were back in the 60' and early 70's and I do remember it seemed that just about the time we took the dollar off the gold standard and joined the world economy that everything started to go to hades in a hand basket.
 
I can still remember paying a dime for a bottle of soda and also a 3 cent deposit on the bottle. 5 cents for a candy bar. and the first time I ever got gas I filled the tank on my Honda 50 and got change back out of the dollar bill. Gas at that time was $00.159 per gal. When I got my brand new Dodge Van I payed $3800 for it and filled the tank and got change back out of a 5 dollar bill. Gas was $00.199 and that was Jan. of 1974. But about a month later gas was up to $00.509 pet gal
 
Coke from a machine was a nickel. Candy bars were a nickel. There were some knock off Hershey bars that were called Lunch Bars that were 3 cents.
Regular gas was 32 cents for so long that it was painted on the side of the gas station.
 
Let"s go back a bit farther---1966 in Texas....gas was 26.9 cents for regular, cold drink was a dime plus bottle deposit of 2 cents, cigs were 30 cents from a machine. A good factory non union job paid $1.50 an hour, union around 2-2.50 entry level. My first job in 1967 started at $2.60 union factory, real good money locally. The Ford plant and the aircraft factories around Dallas started even higher. First car payment was $60 month, and $100 a month would get you a nice new Ford which you could order and watch it get built, actually walk down the line with it. $30 a week would supply groceries to a large family.
 

I am 68 years old and remember back in the 60's, a bottled coke was 5 cents-6 cents- and then went to a dime.
A candy bar was 5 cents then jumped to a dime. Gasoline was about 32 cents per gallon.
Now--to the best of my memory, a six pack of beer was around $3.00--what does it cost today?
I do not drink beer, but I have always wondered why it hasn't went up in price like other things??
 
I've posted this story before, but its apropos and some may not have seen it. And besides, I'm a senior citizen, and you know how we repeat stories all the time.

Hired three kids to help with hay last year. They worked 4 hours, I gave them each $40. One asked me if I bucked bales when I was their age, and how much I got paid. I told them I got minimum wage, $1.25 an hour, so the 4 hours would have been 5 bucks. He looked at his 2 $20 bills,got a big smile, and said "Wow, times have changed." I replied, "They sure have. With my 5 bucks, I could fill my car with gas and have enough left over for a hamburger. How about you?" His smile faded a bit. . .

Yep, in the late '50's, Hershey bars for a nickel, Batman comic book for a dime, pop for a dime. And when I started at Washington State U in 1966, a year's tuition was $399. You could make that, and more, at minimum wage over the summer. Now, a summer's work at minimum wage in Washington ($9.19 an hour, highest in the US) gets you less than half a year's tuition at the same college.

And the hospital bill when I was born in 1948 was $85.00. No, that's not a misprint. And mom was there 3 days, as was the normal practice back then.
 
Today is my birthday, and along with a card I got a list of what common things cost in 1951. Milk and eggs were very expensive, those damn farmers!
 
In a small local town there are machines at 2 businesses where you can get a "coke" for .35 cents. There's a sign asking you to limit yourself and seems to be no problems. Obviously this is the exception. Machines are there for customer appreciation as they're obviously not making much off them.

The other thing to add to your list is the cost of tires, especially the last few years. Ridiculous!

As for movies, almost nothing worth watching! That goes for cable too, IMO.
Netflix, thank you for existing!
 
I remember when a 16 oz 3-V Cola came out. Coke was a nickle and the drugstore had a soda/malt bar. Green River Phosphate, cherry Coke, sodas etc. When I go to the Corner Bar in Rockford--well known for their hot dogs--I always tell the kid at the window "I can remember when they were two for a quarter." Now their over two dollars each. Bazooka Bubble gum for a penny, Black Jacks a penny, root beer barrels two for a penny; for a quarter you could make yourself sick. In high school I bucked bales for a dollar an hour. You could go to a movie and take your date for a hamburger on about 10-15 dollars. It was the best time to grow up: no drugs, no perverts, could take a gun to school for hunting after, high graduation rate, etc.

Larry
 
Beer was about 5 bucks a case (24 cans) in '66, so that was about $1.25 a six pack. Case of Bud now runs about $20.00.
 
Very observant of you. Education and healthcare (both critical to the nations future) have skyrocketed in price. Both industries live with little control and little or no competition. Not sure how to get it under control, but blaming it on one party or the other is naive. Neither has had the guts to tackle it over the last 30 years.
 
Gas was 20 cents a gallon in 1967...I was a senior in HS and drove back and forth to school on $1.00 per week....It was a 20 mile round trip...The car was a 1957 Ford with a 272 V-8,3 speed,and a high speed rear end.....It would get 20 mpg if you drove it easy..

Pop was 10 cents and some places had 5 hamburgers for $1.00..
 
And if you want to go back even further, I had a copy of a 1937 "Chehalis Bee-Nugget" newspaper. There were some ads for cut-over timber land (land that had just been logged, and not replanted), and also some grocery ads. An acre of land could be had for the same price as 2 dozen oranges, or 5 boxes of Kellogg's All-Bran cereal.

A former PCA customer from Wishkah, a small logging community out by the coast, said that when he graduated from high school in 1941, the dominant timber company in the area (for whom everybody's daddy worked) offered 40 acres of cutover land to any graduates that wanted it, as a gift. He said he was the only one in the class of 10 or so who took them up on it- nobody else wanted to pay the taxes on "worthless" land.
 
Back around 1970 I had a Hillman Minx, it had about an 8 gallon fuel tank. The gas station around the corner used to give away free stuff with a $3.00 or more purchase. No matter how close I ran that car to empty I could never fit $3 worth of gas in it...
 
I got my eyes opened in the 90's and one of my boys told me a date ran 75 bucks or so. When my wife and I were dating I could take he out to eat and the drive in plus fill my gas tank on 20-25 dollars. My son was talking about going to a movie and dinner and wasn't even thinking about putting gas in anything. Then a couple of yeas ago my wife and I went out to eat and a movie. The movie with snacks was over 35 bucks and dinner was about 35 plus the tip. So basically It would have cost me about 170 to fill the car, eat and take in a show.

Rick
 
I was in O'Neill Nebraska in the spring of 1961 and their was a "Gas War" going on , the idea was to run other filling stations out of business by cutting prices. I filled my 1956 Ford up with 14 cent gas!!!!!!!!!!!
 
Hired three kids to help with hay last year. They worked 4 hours, I gave them each $40. One asked me if I bucked bales when I was their age, and how much I got paid. I told them I got minimum wage, $1.25 an hour, so the 4 hours would have been 5 bucks. He looked at his 2 $20 bills,got a big smile, and said "Wow, times have changed." I replied, "They sure have. With my 5 bucks, I could fill my car with gas and have enough left over for a hamburger. How about you?" His smile faded a bit. . .
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...and that is exactly why it's so tough to get good farm labor these days.

After paying those kids that $120, you likely stand to lose money on the hay that they moved for you. You can't afford to pay them more.

For those kids, that $40 isn't even a tank of gas and a hamburger, and they had to work what they consider is "like hell" to get it.

Plus you only need them when you need them. You may need them 3 times this week, but then not again for 3 weeks. Even kids are looking for a steady income.

The smart kids will go work at Mcdonalds or Home Depot in air conditioned comfort for the same hourly money, with regular hours and a lot less effort.

What does that leave you?
 
Dad and I were talking about this last night. When he was a little kid (born in 24) his mother would give him a dime and send him to the store maybe once a week for a couple of sodas. His mother liked Orange Crush. They drank it very slowly and if he promised to return the bottles right away the store keeper wouldn't charge the one cent deposit. I remember dime pop but not nickel pop. I'm 63. I was treated with a pop no more often than once a month when I was a kid.
 
Well yeah, If you drove around all night! Myself, I would try and find some place to PARK! Didn't use nearly as much gas.
 
I was in high school in the early 70's coke went from ten cents to fifteen, and then to twenty five all in 4 years. I drove to school in my last two years, gas was .50 gallon. I worked for a dairy farmer, milking cows and doing chores, $2.50 per hour. When school was over I went to the city, got a job at $3.25 per hour. Stayed till April 1981, pay was up to $3.65 per hour.Rented a farm and started farming, I was 20, haven't had a hourly wage since. Bruce
 
We had a local small town grocery that was still selling candy bars for a nickel or 6 for 25 cents in 1980. I know he wasn't making much, but was a good drawing card. Made 50 cents an hour baling hay in the 50-60's era, and was happy to get the work.
 
(quoted from post at 11:21:50 07/03/14) I was in high school in the early 70's coke went from ten cents to fifteen, and then to twenty five all in 4 years. I drove to school in my last two years, gas was .50 gallon. I worked for a dairy farmer, milking cows and doing chores, $2.50 per hour. When school was over I went to the city, got a job at $3.25 per hour. [b:af47daa6bc]Stayed till April 1981, pay was up to $3.65 per hour.[/b:af47daa6bc]Rented a farm and started farming, I was 20, haven't had a hourly wage since. Bruce
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made $600 a month. House/power/heat had to come of yet when milking for that cheap SOB Sales guy in Ont in 80.I could not make ends meet with that hunger pay.
I moved west to Alberta in 81,milking cows there i jumped to $1300/month clean in the pocket with brand new house + heat/power provided free on top.I got a $450 raise a couple months later.
I thought i had gone to heaven :wink:
 
(quoted from post at 07:37:54 07/03/14) Which 1960's cars would get over 20 MPG? I don't remember too many other than VW beetles, Corvairs and 4 cylinder Ford Falcons.

Most cars we had in the 1960's were basic full size 4 door sedans with a small v-8 and an automatic transmission that were lucky to get close to 15 MPG. Those cars had no air conditioning, power windows were only for luxury cars, power steering was OK, but power brakes were way too touchy to drive on ice. The radios were glorious AM with one speaker in the middle of the dash. Driving on gravel roads the rear quarter panels and rocker panels would start rusting through at about 5 years of age. By ten years old and 90,000 miles, most cars were about used up. If you can tell, I don't miss those old cars too much.

On the plus side, those cars only cost $2500 to $3000 new, they definitely had styling (good or bad), and highway speed limits were 70 MPH/day, 60 MPH night.

Have a good 4th!
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Most any full sized, 4 door Chevy or Ford 4 door sedan with the in-line 6 and manual transmission would get an easy 20 miles per gallon. Add the overdrive to the 3 speed manual and you could go up to 25 miles per gallon. The muck from the gravel roads is NOT what caused them to rust out. It was the salt on the paved roads that did it.

I owned a 1960 Chevy, Bel Air 4 door. 283 V8 and 2 speed powerglide. It could achieve 18 miles per gallon if I kept my foot out of it. I was 17 at the time.
 
Your discussion about sodas for a treat reminded me of when Sprite first came out (1961, per Google). My sister, cousin and I had seen the ads on TV, and were talking about it. We went with Dad in the truck to get some hay, and he stopped at the store on the way- and brought out a bottle of Sprite for each of us.

We all thought that was just really cool, getting something we were excited about on the day it came out. I remember sipping it, rolling it around in our mouths, kind of like wine tasting. We were unanimous that it was better than 7-Up- a "crisper" taste, and my cousin thought "the bubbles are smaller". I wonder if my sister remembers?

Bet I haven't had a half dozen Sprites since. Yeah, it was better than 7-Up, but it still couldn't touch Crème Soda or Coke.
 
Only thing I have to say is that there are a lot of comments that I can relate to. Must be a lot of us on here that are in our mid 60s.
 
Not the cheapest I remember but in the late seventies I filled up my pickup and turned the pump back to zero. Only went to $9.99 they said it was the first time it happened.
 
The flip side of all this is income.

When I left the Marine Corps in 1963, I went to work for a local newspaper for $1.50 per hour for a 46 hour week. By the time I got married in 1965, I had become the first person in the place to be paid $2.00 an hour. In 1968 I became General Manager on straight salary for $155 per week.

When we got married in 1965, my wife and I bought a house for $9800, and it was a nice two bedroom house. Payments were $78.00 per month.

It's all relative.

Going back farther, the farm I grew up on was a mile and a half from a grain elevator. The elevator also had a gas pump. I remember the summer I was 12 years old, during the summer wheat harvest I hauled a load of wheat to the elevator with a Model T Ford truck. (We went to work young, then, and to heck with the law). The truck needed gas, so I asked the fellow at the elevator to put 5 gallons in it. He asked me if I wouldn't rather make it an even dollar's worth so he didn't have to give me a dime change.

Again, it's all relative.
 
A modern day pump goes to a $999.99 and if I run my semi tractor down low and the price of Diesel fuel is over $4.00 it will roll the pump over. That being said if you really want to be shocked buy anything that says marine or aviation on it. As an example 100 LL aviation fuel is from $6.00 to $9.00 per gallon depending where you purchase it.
 
I SOLD GAS FOR 22CENTS #2 DISEL FOR 11 .POP WAS 5cents 6 pack a quarter bread 22smokes were 2.50 a carton of reg brands no generic then. a few years earlier hogs were 11cents a pd Most land around here was 70 dallors an acre We will never see that again as goverments have to have inflation to survive
 
I know I have an ex road tractor made into Dump truck with twin saddle tanks. Kenworth
 
silver is about $20.00 a ounce now, gold is about $1320.00 ounce, corn is 4.23/bushel, soybeans about 14.00/bushel. What was gold, silver then, what was corn and beans getting? Current dollar no longer has a fixed gold or silver exchange rate- up to late 1960s or so it was about $35.00 dollar a ounce for gold and 20.00 gold pieces were about 1/2 Troy ounce, silver dollars were about 1 ounce. And I sort of recall $.75/bushel corn along with the under $.30/gallon gasoline. RN
 
When I was a kid in the late '50's, a 6-1/2 oz. Coke in a bottle out of the machine at my family's garage was still a nickel. In 1972 when I was a senior in high school, a pack of Marlboro red in the flip-top box was 35 cents in the cig machine at the restaurant; a block away, you could buy them at the grocery for $2.99 a carton AND get Holden Red Stamps, too. But at the restaurant, pinball was a nickel a game, or 6 for a quarter. Jukebox was still a nickel then, too.

The 1977 AMX I bought as my first new car had a sticker price of $5844 and some change.
 
What yr was gas 17. Look up gas prices over the yrs are you sure it wasnt a gas war that caused it to be 17. Prior to WW11 it was those prices. Middle 50s it was around 29.9 when i worked at the station.
 
"The muck from the gravel roads is NOT what caused them to rust out. It was the salt on the paved roads that did it."
Nothing but gravel roads and no salt. They still rusted out.
 
Actually that is changing a bit......I had Hernia surgery 2 months ago. I saw the bill come in from the surgery center....(not a hospital)
Total charges is $ 3,400..........


Now 18 years ago I had gall bladder surgery at a REAL hospital, 1 night stay all bills from doctors and the hospital was $8900.
 
In the 80s I could take a girl out with 30 bucks, dinner and a movie. To do the same stuff now would be double that.
 
I remember in 1981 my parents bought a new Gran Prix for $6,100 Very nice ride, red leather interior, white exterior with lots of trim with white wall tires. Power locks and windows with A/C never saw power windows until that car.
 
I bought a new "68 IH "heavy half ton" 1500 model pick-up with 4 speed, 304 V-8, increased cooling,over load springs, 8 ft. bed for $2260. But I had to install the back bumper.(it was in the bed).
 
listen to us old farts :) and we had to walk to school in 10' snow, uphill both ways. :)
personally i think since 2000 we as a country have been headed to ell in a hand basket and since 08 we're going there in a nitro funny car. i used to go watch the fireworks and get tears in my eyes when they played the national anthem because i was so proud to be an american, now i hang my head in shame. im sure our forefathers are turning in their graves, im glad im on the down hill slope and a feel for the young un's. that's all i can say without getting poofed.
 
It sure sounds like you are saying all this because
there is a person of color in the white house! And
not full black! What a racist! You deserve to get
poofed! President external_link has pulled us out of the
hell hole that bush cheney dug us into,6 TRILLION
$! Look at our economy, look at the stock market,
open your eyes, if you can't see prosperity from
where your at you need to move!
 
(quoted from post at 19:40:43 07/03/14) It sure sounds like you are saying all this because
there is a person of color in the white house! And
not full black! What a racist! You deserve to get
poofed! President external_link has pulled us out of the
hell hole that bush cheney dug us into,6 TRILLION
$! Look at our economy, look at the stock market,
open your eyes, if you can't see prosperity from
where your at you need to move!
Click to expand...




see what i mean, are you picking up what im putting down. ?
 
(quoted from post at 19:40:43 07/03/14) It sure sounds like you are saying all this because
there is a person of color in the white house! And
not full black! What a racist! You deserve to get
poofed! President external_link has pulled us out of the
hell hole that bush cheney dug us into,6 TRILLION
$! Look at our economy, look at the stock market,
open your eyes, if you can't see prosperity from
where your at you need to move!
Click to expand...
ou got to kidding!
If not then you have contracted the abundant white guilt disease.
Sadly for there's no cure for that.
My condolences,..rest in peace.
 
(quoted from post at 06:14:18 07/03/14) Nostalgia seems to forget what wages ans salaries were back then. A lot of the ratios are similar now, you"re just running through more dollars. Any raise to cover inflation simply creates more inflation. Unionists can"t understand that, Econ 101.
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The Federal Reserve printing money out of thin air creates inflation. Unions are not the problem, they are less than 7% of the workforce in the USA.
 
So getting higher wages to produce the same amount of product is not inflationary? Econ 101.
 
I am the same way. I am shamed too by the condition of the USA.

The old saying still holds true, People get the gubbermint they deserve. And the crooks running the circus are only getting worse.
 
In 1954 they were having a price war in central MA where I went to college and gas was 18 cents. It was cheaper to drive the 150 miles a week to home than pay $15 a week room and board. Didn't study as good tho so marks dropped, lol.
 
(quoted from post at 23:25:21 07/03/14) So getting higher wages to produce the same amount of product is not inflationary? Econ 101.
Click to expand...


Well in the classic definition of Inflation, no it does not cause inflation. Econ 101 you know. Stop blaming unions for the worlds problems.
 
(quoted from post at 21:40:43 07/03/14) It sure sounds like you are saying all this because
there is a person of color in the white house! And
not full black! What a racist! You deserve to get
poofed! President external_link has pulled us out of the
hell hole that bush cheney dug us into,6 TRILLION
$! Look at our economy, look at the stock market,
open your eyes, if you can't see prosperity from
where your at you need to move!
Click to expand...

Russ, you are a racist. Nobody here said anything about the color of anybodys skin, the fact that you brought it up, proves that it is [b:5977cc019b][i:5977cc019b]YOU[/i:5977cc019b][/b:5977cc019b] that is the racist.

I can only hope that you are still a little buzzed from your birthday celebrating and just talking garbage, rather than the full-fledged racist your post came off as.
 
(quoted from post at 01:03:42 07/04/14)
(quoted from post at 06:14:18 07/03/14) Nostalgia seems to forget what wages ans salaries were back then. A lot of the ratios are similar now, you"re just running through more dollars. Any raise to cover inflation simply creates more inflation. Unionists can"t understand that, Econ 101.
Click to expand...

The Federal Reserve printing money out of thin air creates inflation. Unions are not the problem, they are less than 7% of the workforce in the USA.
Click to expand...

(quoted from post at 18:00:02 07/04/14)
(quoted from post at 23:25:21 07/03/14) So getting higher wages to produce the same amount of product is not inflationary? Econ 101.
Click to expand...


Well in the classic definition of Inflation, no it does not cause inflation. Econ 101 you know. Stop blaming unions for the worlds problems.
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Well davemk, I dont know who you think you are trying to fool, but its not working. I can tell you havent taken a single economics class.... ever. Even the most burnt out stoner with his head buried in his smart phone understands that inflation [i:86428f661c]can[/i:86428f661c] come from places [b:86428f661c][i:86428f661c]other[/i:86428f661c][/b:86428f661c] than the Federal Reserve.

Furthermore, you simply cant deny that unions are very good ar raising costs to employers and that in turn causes a price/wage spirial (inflation). If you had ever taken an economics class, you would have learned the above 2 points I just made, as well as many others so go peddle your "Econ 101" BS somewhere else.
 
A friend told me to compare commodities, not currencies. Example, in the '60s, the price of an ounce of silver or gold would by X amount of gas or a house or food. The price of those metals today would buy about the same gas, house or food. The age old problem is that our paper money is worth less.
 
(quoted from post at 18:16:21 07/04/14)
(quoted from post at 01:03:42 07/04/14)
(quoted from post at 06:14:18 07/03/14) Nostalgia seems to forget what wages ans salaries were back then. A lot of the ratios are similar now, you"re just running through more dollars. Any raise to cover inflation simply creates more inflation. Unionists can"t understand that, Econ 101.
Click to expand...

The Federal Reserve printing money out of thin air creates inflation. Unions are not the problem, they are less than 7% of the workforce in the USA.
Click to expand...

(quoted from post at 18:00:02 07/04/14)
(quoted from post at 23:25:21 07/03/14) So getting higher wages to produce the same amount of product is not inflationary? Econ 101.
Click to expand...


Well in the classic definition of Inflation, no it does not cause inflation. Econ 101 you know. Stop blaming unions for the worlds problems.
Click to expand...

Well davemk, I dont know who you think you are trying to fool, but its not working. I can tell you havent taken a single economics class.... ever. Even the most burnt out stoner with his head buried in his smart phone understands that inflation [i:02b92339b7]can[/i:02b92339b7] come from places [b:02b92339b7][i:02b92339b7]other[/i:02b92339b7][/b:02b92339b7] than the Federal Reserve.

Furthermore, you simply cant deny that unions are very good ar raising costs to employers and that in turn causes a price/wage spirial (inflation). If you had ever taken an economics class, you would have learned the above 2 points I just made, as well as many others so go peddle your "Econ 101" BS somewhere else.
Click to expand...



I am not trying to "peddle" anything. I suggest you spend some time reading the following website.

http://inflationdata.com/Inflation/Inflation/Money_Supply_and_Inflation.asp

Yes, I have had a few classes in Economics. Actually have a degree in Ag Economics from Ohio State.


:roll:
 
(quoted from post at 15:58:43 07/05/14)
(quoted from post at 18:16:21 07/04/14)
(quoted from post at 01:03:42 07/04/14)
(quoted from post at 06:14:18 07/03/14) Nostalgia seems to forget what wages ans salaries were back then. A lot of the ratios are similar now, you"re just running through more dollars. Any raise to cover inflation simply creates more inflation. Unionists can"t understand that, Econ 101.
Click to expand...

The Federal Reserve printing money out of thin air creates inflation. Unions are not the problem, they are less than 7% of the workforce in the USA.
Click to expand...

(quoted from post at 18:00:02 07/04/14)
(quoted from post at 23:25:21 07/03/14) So getting higher wages to produce the same amount of product is not inflationary? Econ 101.
Click to expand...


Well in the classic definition of Inflation, no it does not cause inflation. Econ 101 you know. Stop blaming unions for the worlds problems.
Click to expand...

Well davemk, I dont know who you think you are trying to fool, but its not working. I can tell you havent taken a single economics class.... ever. Even the most burnt out stoner with his head buried in his smart phone understands that inflation [i:961ec644c9]can[/i:961ec644c9] come from places [b:961ec644c9][i:961ec644c9]other[/i:961ec644c9][/b:961ec644c9] than the Federal Reserve.

Furthermore, you simply cant deny that unions are very good ar raising costs to employers and that in turn causes a price/wage spirial (inflation). If you had ever taken an economics class, you would have learned the above 2 points I just made, as well as many others so go peddle your "Econ 101" BS somewhere else.
Click to expand...



I am not trying to "peddle" anything. I suggest you spend some time reading the following website.

http://inflationdata.com/Inflation/Inflation/Money_Supply_and_Inflation.asp

Yes, I have had a few classes in Economics. Actually have a degree in Ag Economics from Ohio State.


:roll:
Click to expand...

So you are changing your tune then? You agree now that unions can and do cause inflation? I noticed that you didnt address anything I said other than where I mentioned you were trying to peddle a fake economic class background (which has now morphed into a degree :roll:).... in Ag :lol:

As for your link, all I can say is... Well Duh. Anybody that has taken a simple economics class knows that. The problem is, I dont believe you are one of those people because of your wildly inaccurate statements. You denied unions being a part of inflation when in fact, they are a large part of it. I mean, for christ's sake, there is a wiki page for it. http://en.wikipedia.org/wiki/Price/wage_spiral I highly suggest you read up on it so you understand how unions are in fact a large part of the inflation problem.
 
Nope, not changing my tune. Unions do not cause inflation never have never will. I edited this post because what I wrote was not very nice. We will just have to disagree.

Dave
 
Dad used to compare the price per pound of machinery to the price per pound of steak. They tend to be similar.
 
If wages in the US have been dropping for the last ten years, why are prices still rising?
 
(quoted from post at 21:42:35 07/05/14) Nope, not changing my tune. Unions do not cause inflation never have never will. I edited this post because what I wrote was not very nice. We will just have to disagree.

Dave
Click to expand...

Then I stand by my assessment of you. I dont believe you have ever taken an economics class. If you had, you would have learned more about inflation, and your understanding of it wouldnt have such a political bias to it.

Disagreeing is fine and everyone is entitled to his own opinion, but not his own facts.
 
(quoted from post at 16:14:02 07/06/14)
(quoted from post at 21:42:35 07/05/14) Nope, not changing my tune. Unions do not cause inflation never have never will. I edited this post because what I wrote was not very nice. We will just have to disagree.

Dave
Click to expand...

Then I stand by my assessment of you. I dont believe you have ever taken an economics class. If you had, you would have learned more about inflation, and your understanding of it wouldnt have such a political bias to it.

Disagreeing is fine and everyone is entitled to his own opinion, but not his own facts.
Click to expand...

You do not have a clue what inflation is, or what causes it. This is the end of our conversation. I will ignore you from now on.


SS55

Wages in the USA are indeed stagnant and have not kept up with inflation. Prices are rising because the dollar is worth less.
 
(quoted from post at 19:11:07 07/06/14)
(quoted from post at 16:14:02 07/06/14)
(quoted from post at 21:42:35 07/05/14) Nope, not changing my tune. Unions do not cause inflation never have never will. I edited this post because what I wrote was not very nice. We will just have to disagree.

Dave
Click to expand...

Then I stand by my assessment of you. I dont believe you have ever taken an economics class. If you had, you would have learned more about inflation, and your understanding of it wouldnt have such a political bias to it.

Disagreeing is fine and everyone is entitled to his own opinion, but not his own facts.
Click to expand...

You do not have a clue what inflation is, or what causes it. This is the end of our conversation. I will ignore you from now on.
Click to expand...

Actually, I do. I laid out a small part of it above but you are just not quite, ya know, [i:02e75779eb]getting it[/i:02e75779eb]. Hint: there is alot more to it than [i:02e75779eb]just[/i:02e75779eb] the Federal Reserve. Yes, the unions own a slice of that pie, no matter what you claim.

Thats why I called you out on your wildly inaccurate and politically biased comments on inflation. You can ignore me, you can skip the links I present, you can even refuse to to comment on any of the points I bring up, but none of that will make you any smarter on the subject at hand. *Insert age old idiom about horses and water here:
 
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