B
Bill Westphal
Guest
Tim McNamara <[email protected]> writes:
> In article <[email protected]>,
> [email protected] wrote:
>
>> On Mar 4, 1:07 pm, Tim McNamara <[email protected]> wrote:
>> > In article <[email protected]>,
>>
>> [snip]
>>
>> > The main benefit is that cheaper bikes are better than they used to
>> > be, until you get to the bottom end stuff that you can buy at
>> > Target and Wal*Mart.
>>
>> [snip]
>>
>> Dear Tim,
>>
>> On a dare in 2004, I bought a Fury Roadmaster from WalMart for under
>> $60 and rode it for 1200 miles:
>>
>> http://groups.google.com/group/rec.bicycles.tech/msg/ccc0c851499eebed
>
> I recall the adventure.
>
>> The only failure was a flat rear tire, which wasn't bad for a bicycle
>> sold for teenagers to ride around instead of 195-lb test riders
>> trying to do 20 mph over eight speed humps in the park.
>>
>> Three years later, the bike sells for just under $50:
>>
>> http://www.walmart.com/catalog/product.do?product_id=1977659
>>
>> Here's an inflation calculator:
>>
>> http://data.bls.gov/cgi-bin/cpicalc.pl
>>
>> Today's $50 was worth $9.58 in 1970.
>
> There's an interesting perspective from a number of perspectives and not
> just the absurdly low prices of cheap bikes.
>
> In 1970, $50 to $100 was pretty much the per-person pay scale for bands
> playing in bars. In 2007, the per-person pay scale is about $50 to
> $100... or compared to the $1.50 per hour I was paid at my first job in
> 1973, which is $6.84 per hour now. Minimum wage was $1.60 in 1973, so I
> guess my Dad was breaking the law in paying me $0.10 less- but still it
> was effectively more than the minimum wage now!
>
> Some right wingers **** and moan about the minimum wage, not recognizing
> the screaming deal they are getting. The current minimum wage is a bit
> above half of what it was in 1968, when corrected for inflation!
There's an interesting and even somewhat scholarly article here on the
topic of relative prices.
http://www.westga.edu/~bquest/2004/prices.htm
In 1970 my dad replaced his sturmey archer-based 3-sp Schwinn Traveler
that the me by then 12 years old had kept going for a number of years,
including replacing the rear hub with the same very rusty rim/spokes.
The 1970 5-sp Sears Chinese bike the cheapskate bought ($59.95 in '71
according to the article) was the sorriest piece of **** you could
imagine, and lasted only a few hundred miles, despite many MANY hours
of work by me. But I was already a stickler for perfection, and
accustomed to higher quality in Schwinn Varsity, and I think by then
Nishiki/Azuki, so I may have sold it down the river too soon.
So the price is FAR less, and the quality somewhat better now. But
the price to get all that is FAR too great, imo. But that's another
topic
Bill Westphal
> In article <[email protected]>,
> [email protected] wrote:
>
>> On Mar 4, 1:07 pm, Tim McNamara <[email protected]> wrote:
>> > In article <[email protected]>,
>>
>> [snip]
>>
>> > The main benefit is that cheaper bikes are better than they used to
>> > be, until you get to the bottom end stuff that you can buy at
>> > Target and Wal*Mart.
>>
>> [snip]
>>
>> Dear Tim,
>>
>> On a dare in 2004, I bought a Fury Roadmaster from WalMart for under
>> $60 and rode it for 1200 miles:
>>
>> http://groups.google.com/group/rec.bicycles.tech/msg/ccc0c851499eebed
>
> I recall the adventure.
>
>> The only failure was a flat rear tire, which wasn't bad for a bicycle
>> sold for teenagers to ride around instead of 195-lb test riders
>> trying to do 20 mph over eight speed humps in the park.
>>
>> Three years later, the bike sells for just under $50:
>>
>> http://www.walmart.com/catalog/product.do?product_id=1977659
>>
>> Here's an inflation calculator:
>>
>> http://data.bls.gov/cgi-bin/cpicalc.pl
>>
>> Today's $50 was worth $9.58 in 1970.
>
> There's an interesting perspective from a number of perspectives and not
> just the absurdly low prices of cheap bikes.
>
> In 1970, $50 to $100 was pretty much the per-person pay scale for bands
> playing in bars. In 2007, the per-person pay scale is about $50 to
> $100... or compared to the $1.50 per hour I was paid at my first job in
> 1973, which is $6.84 per hour now. Minimum wage was $1.60 in 1973, so I
> guess my Dad was breaking the law in paying me $0.10 less- but still it
> was effectively more than the minimum wage now!
>
> Some right wingers **** and moan about the minimum wage, not recognizing
> the screaming deal they are getting. The current minimum wage is a bit
> above half of what it was in 1968, when corrected for inflation!
There's an interesting and even somewhat scholarly article here on the
topic of relative prices.
http://www.westga.edu/~bquest/2004/prices.htm
In 1970 my dad replaced his sturmey archer-based 3-sp Schwinn Traveler
that the me by then 12 years old had kept going for a number of years,
including replacing the rear hub with the same very rusty rim/spokes.
The 1970 5-sp Sears Chinese bike the cheapskate bought ($59.95 in '71
according to the article) was the sorriest piece of **** you could
imagine, and lasted only a few hundred miles, despite many MANY hours
of work by me. But I was already a stickler for perfection, and
accustomed to higher quality in Schwinn Varsity, and I think by then
Nishiki/Azuki, so I may have sold it down the river too soon.
So the price is FAR less, and the quality somewhat better now. But
the price to get all that is FAR too great, imo. But that's another
topic
Bill Westphal