Fox T-Bird/Cougar Forums  

This will sound pen 15y , because it is but your full of , considering my father bought his 73 Mercury Comet GT for under 5 grand , 3200 to be exact brand new. 14 years later here comes the 87 Mercury Cougar 20th anniversary Edition that my grandparents buy, 14k.

HA! This is exactly how he wanted the pot to be stirred.

Ask your father what he was making back in 1973. My father and co-worker were both telling me how they worked for 1.35 an hour when they were kids. That was decent pay back in the day.

Fast forward, and now the national minimum wage is 5.15 an hour or so. Thats 3.81 times the wage back in the late 60's.

Now take that 3200 dollar Comet, multiply that by the 3.81, and you get 12,192. Not even 200 dollars off of that 14K cougar. Also keep in mind that the cars are in different classes and different price ranges due to the type of car they car.

   Economics. a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency (opposed to deflation).

Now take that 3200 dollar Comet, multiply that by the 3.81, and you get 12,192. Not even 200 dollars off of that 14K cougar. Also keep in mind that the cars are in different classes and different price ranges due to the type of car they car.

In mainstream economics, inflation is a rise in the general level of prices, as measured against some baseline of purchasing power.

According to that wiki thing:


Of course, many prices have come down a great deal, too, especially in the tech sector. I paid over $400 for a 6.4-gig hard drive around about 1996. You can now get a 250-gig HDD for well less than half that. When USB thumb drives first came out they cost hundreds of dollars while having a capacity of 16MB. You can now get a 256MB thumb drive for under $30. Even things such as TV sets and car stereos are considerably better featured and for less money than they were even a decade ago.