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  #11  
Old 06-19-2019, 02:23 AM
GGaskill GGaskill is offline
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... the price of an M1 down to $41.93 in July of 1942. That's $658.77 inflation adjusted to 2019.


658.77 divided by 41.93 is a factor of 15.71:1. I don't know where that figure came from but I know from personal experience that inflation from the early '60's is at least 10:1 no matter what the government says (they leave out a number of things that make the number higher.)


My guess is that the $41.93 is closer to $1000 than $658.77.
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  #12  
Old 06-19-2019, 04:45 AM
USriflecal30 USriflecal30 is offline
 
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I wonder if 75 years from now a $1000 iPhone X will be worth $15,710 on the used market?
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  #13  
Old 06-19-2019, 06:55 AM
Ronwall Ronwall is online now
 
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Quote:
Originally Posted by GGaskill View Post
... the price of an M1 down to $41.93 in July of 1942. That's $658.77 inflation adjusted to 2019.


658.77 divided by 41.93 is a factor of 15.71:1. I don't know where that figure came from
www.usinflationcalculator.com
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  #14  
Old 06-21-2019, 08:59 PM
jayej2156 jayej2156 is offline
 
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Well, energy was so cheap it was almost free, the wages were cheap as hell, the biggest thing between then and now, companies built stuff to last forever, & were proud to do that, & strived to do that. Pride in the workmanship of a product is about a thing of the past. Anymore it's built to be disposable.
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  #15  
Old 06-21-2019, 09:15 PM
djryan13 djryan13 is offline
 
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Quote:
Originally Posted by jayej2156 View Post
Well, energy was so cheap it was almost free, the wages were cheap as hell, the biggest thing between then and now, companies built stuff to last forever, & were proud to do that, & strived to do that. Pride in the workmanship of a product is about a thing of the past. Anymore it's built to be disposable.
True... but most people have the attention span of a goldfish... they donít need things to last long. They want to buy new things. Electronics are a key example.
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