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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 455.37

+3.1%

Feb 6 4:00 PM EST

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To: bart13 who wrote (99194)

3/16/2013 12:35:49 AM

From: Maurice Winn

1 Recommendation Read Replies (1) of 220081

How about from 1970? <That's what I said about China - wages up ~8x in 20 years.>

Is that in US$? In 1970, I was getting 80c per hour. Now it would be more like $20 an hour for the same sort of job, which is 25 times as much. I guess China has had similar pay rate increases if not more.

A calculator in 1974 cost $200 and now costs near enough to nothing for the same functionality. Computers are another thing altogether. Prices have moved all over the place. Air fares [in hours worked to buy a fare] have fallen hugely.

Mqurice

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