AuthorTopic: The Pick-Up Truck Example  (Read 703 times)

Offline Eddie

  • Global Moderator
  • Master Chef
  • *****
  • Posts: 17937
    • View Profile
The Pick-Up Truck Example
« on: January 25, 2017, 09:00:04 AM »
As much as I know Bill Bonner is a snake oil salesman, I still have to agree with his macro take, most of the time.

This is just a chart from his latest....worth reading if you happen to plan to retire around 2025, as I do.


In 1970, the basic pickup cost 948 hours of work at the prevailing wage at the time. By 2016, it took 1,190 hours of shoulder-to-the-wheel labor to buy it – 25% more.





http://www.acting-man.com/?p=48432#more-48432

 
What makes the desert beautiful is that somewhere it hides a well.

 

Related Topics

  Subject / Started by Replies Last post
3 Replies
1267 Views
Last post August 01, 2012, 09:32:11 PM
by RE
0 Replies
347 Views
Last post May 27, 2015, 04:40:57 AM
by azozeo
1 Replies
644 Views
Last post January 27, 2017, 09:31:42 AM
by Eddie