The Good Old Days

[Ironbar]

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[bennyl]

What year was that?

 

[Ironbar]

Not sure, but guessing before I was born!

 

[Caveman Jim]

Back then $79.99 might have been like a million dollars....

 

[Garg]

Back when a gallon of gas was .15, pack of smokes a nickel. and minimum wage was .75 per hour.
I remember a taco was .19 when I was a young buck....

 

[Medic!]

It's not too bad today if you keep your eyes open.

 

[Garg]

Dude, you got a problem. Coolgun-itis.... It's contagious you know....

 

[bennyl]

Back when a gallon of gas was .15, pack of smokes a nickel. and minimum wage was .75 per hour.
I remember a taco was .19 when I was a young buck....

Kinda of expensive considering minimum wage was .75

 

[Garg]

Kinda of expensive considering minimum wage was .75

Assuming this was between 1950, and 1956

http://www.dol.gov/whd/minwage/chart.htm

 

[Joe13]

It's not too bad today if you keep your eyes open.

Nobody likes a bragger

Specially when I'm liquidating

 

[jbett98]

Someday, we may look back on 2015 as the good old days if Hitlery gets elected.

 

[Ironbar]

OK, so if minimum wage back then was $0.75 per hour, then $79.95 ÷ .75 = 106.60 work hours to buy that M1 rifle.

Federal minimum wage now is now $7.25 per hour. Current price of a service grade M1 through CMP is $730.00. $730.00 ÷ 7.25 = 100.68 work hours to buy that M1, meaning, it's actually cheaper to buy one NOW than it was in the good old days!

 

[Koda]

...only 49 work hours if you make a "living wage"

 

[bennyl]

OK, so if minimum wage back then was $0.75 per hour, then $79.95 ÷ .75 = 106.60 work hours to buy that M1 rifle.

Federal minimum wage now is now $7.25 per hour. Current price of a service grade M1 through CMP is $730.00. $730.00 ÷ 7.25 = 100.68 work hours to buy that M1, meaning, it's actually cheaper to buy one NOW than it was in the good old days!

Pretty sure taxes weren't nearly as the same today though. That medicare tax that comes out of my check every week could be gun money instead or even my nonexistent 401k...

 

[Garg]

Pretty sure taxes weren't nearly as the same today though. That medicare tax that comes out of my check every week could be gun money instead or even my nonexistent 401k...

well, except that the marginal tax rate in 1950 was 20%. Today it is 10%

http://taxfoundation.org/article/us...-2013-nominal-and-inflation-adjusted-brackets

 

[edslhead]

 

[RVTECH]

The Johnson Semi-Auto listed for $59.95 was a steal - considering those are real collectible now.

 

[Garg]

Yeah, same with the colt, add a couple zeros now a days.

 

[Member 5605]

Someday I'll find one of these ads in person. I'll cut out the mail order portion and close a cheque for the amount + shipping and see what happens.

 

[Garg]

I remember, hanging out with a friend of mine, who had an ffl, and an SOT, class 3 dealer back in the day, used to just thumb through the shotgun news for hours. It was better than a gun show. All kinds of stuff like this.