AuthorTopic: The Pick-Up Truck Example  (Read 793 times)

Offline Eddie

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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.

 

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