Tubes Asylum

RE: You paid too much...

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This Post Has Been Edited by the Author

Things like these price comparisons have to be taken in context.

For starters, the value of $1 US has changed in the ensuing years; one 1967 US dollar is equal to $7.29 today, or a change of 629.4%.

Put another way, if you live in the US and had you invested one dollar instead of buying tubes with it, you would have seven bucks and change in the bank, if your investment kept up with inflation (which is not difficult to do).

So that tube has increased in asking price, but not by much. There are many products that have gone down in price in the ensuing years (take something simple like long distance charges ... a phone call to your aunt in 1967 probably cost more than a dollar, while today it might be ten cents).

On a basket of audio items you might have bought in 1967, versus a similar basket of goods today, it is way cheaper than in 1967. So many audio parts or components would have fared badly with the passage of time. Taken as a whole, be happy you are an audio nut in 2017 and not 1967, price-wise.

Incidentally, my parents bought their home in 1952 for $3,200.00, and today it's valued at about $220,000.00. A dollar invested at the rate of inflation in 1952 would be worth $29, 416.00. So, there are better investments than audio tubes.

On a similar note, a dollar was, comparatively speaking, dearer to your ancestors of 1967 than today, as average incomes are higher and have increased more than the rate of inflation. Taken as a % of your monthly paycheck, the minimum wage of today is slightly more than 1000% higher than in 1967, while higher paying jobs have increased even more than that.

So you don't work any harder to buy that tube now than you would have then, and chances are you work less now to earn the cost of that tube today.


Edits: 03/29/17   03/29/17   03/29/17   03/29/17   03/29/17   03/29/17   03/29/17

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