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To: eyeamok

***Eventually?? Have you noticed that that Our Dollar has been DEVALUED by some 3500 Percent over the last 40 years.***

In 1888 a pair of Levis cost &1.80.

Seventy four years later, (1961) a pair of Levis cost $2.60.

Today, 51 years later a pair of Levis cost $35 dollars.

It first took 74 years for them to double in price.
It took 51 years for them to cost over a thousand times more.

Think how much a postage stamp has risen. 3 cents in the 1950s, now around 45 cents.


70 posted on 02/01/2012 9:21:08 AM PST by Ruy Dias de Bivar
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To: Ruy Dias de Bivar; eyeamok
In 1888 a pair of Levis cost &1.80.

Seventy four years later, (1961) a pair of Levis cost $2.60.

Today, 51 years later a pair of Levis cost $35 dollars.

It first took 74 years for them to double in price.
It took 51 years for them to cost over a thousand times more.


Your innumeracy is troubling. The price increase from 1961 (2.60) to 2012 (35) is not 1000 times. It is about 13 and a half times (35/2.6 = 13.46).

Also, you're not looking at the prices in terms of constant dollars.

$1.61 in 1913 (the farthest back I could go) was equal in purchasing power in 1961 to $4.83. So by 1961, the cost in dollars increased, but the actual price in constant dollars fell. $2.60 in 1961 was equal in purchasing power in 2011 to $19.56. So between 1961 and 2011, the cost in constant dollars increased by about 79%. So a pair of Levis in 2011 at $35 has increased in constant dollars by about three quarters over their price in 1961 at $2.60.
72 posted on 02/01/2012 9:34:59 AM PST by aruanan
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To: Ruy Dias de Bivar
In 1888 a pair of Levis cost &1.80. Seventy four years later, (1961) a pair of Levis cost $2.60. Today, 51 years later a pair of Levis cost $35 dollars.

Assuming the $1.80 price is correct, rising to $35 over 124 years works out to an average inflation rate of 2.4%. That's not too bad, except Levis uses thin denim now and third world labor.

I remember reading a newspaper archive from about 100 years ago and there was a sale on dresses advertised for around $24. Adjusted for inflation clothing seems to have gone down in price over the years largely due to automation in farming, sewing, and shipping from third world countries.

76 posted on 02/01/2012 12:18:53 PM PST by Reeses
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To: Ruy Dias de Bivar
It took 51 years for them to cost over a thousand times more.

The phrase you're looking for is "1000% more", not "a thousand times more".

"1000% more" is "eleven times as much", which is approximately the increase from $2.60 to $35.00.

If they cost a thousand times more (than the original $2.60) they would cost $2600.

Which may very well happen before it's all over.

85 posted on 02/01/2012 1:59:31 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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