crazyjennyblack said:
One thing he always told me was that things were cheaper then, but people made alot less money. He told me a story about when he was a teenager in the 1960's and he wanted to get a really nice gift for his brother's college graduation. The gift cost $5, but that money was hard to come by, and his dad only brought home about $30 each month.
The federal minimum wage was raised to $1 in 1956.
That means at a 40 hour full time work week at minimum wage someone made $40 a week, minus taxes.
Or over $160 a month minus taxes, working minimum wage.
Not a lot but certainly not $30 a month. Maybe $30 spending money after bills. Most people don't work minimum wage either.
toivo said:
Cool ads! Before anybody goes gaga over the price, try adjusting for inflation.
$1 in 1960 = $7.46 in 2011
That $79 Enfield costs $589.34. The $49.95 Luger costs $372.63. Still really cool, though.
Now lets compare a Mosin listed for $20 back then, with today's minimum wage of $7.25.
Back then it took 20 hours working minimum wage to buy the Mosin.
Today it is around $100 retail, regularly seen for $90 on sale.
Today it would take 13.79 hours working minimum wage to buy that rifle.
However a Mosin back then was probably a more desirable technology when bolt actions were more dominant than semi-autos and an inexpensive slightly less accurate bolt action not much of a sacrifice.
So its not a straight inflation comparison, as a bolt action of moderate accuracy is not in high demand today.
The Mosin was first made in 1891, produced in massive numbers to arm the Czars forces, and still produced into the 1960s, and was the standard rifle and fielded in WW2 by the Soviets.
It was the mass produced Russian Empire/Soviet rifle.
It was a cheap rifle out of date as of about WW2, when semi-auto came to dominate.
So by the 1950s it was only retired for around a decade, and was at most a 60 year old design.
So compare it to something similar today. Can someone today get an inexpensive milsurp semi-auto rifle, for about 20 hours of work at minimum wage? A 10-60 year old design and model that was mass produced? $145?
No way.
Of course part of that is because civilians cannot legally own or import most more recent milsurp rifles produced at low cost, because they were designed select-fire. Otherwise you probably could get an AK-47 that had been retired from service for close to that cost.
So the 1950s Mosin equivalent of today, a mulsurp AK-47 is out of reach.
And a sheet metal AK-47 shooting an intermediate power cartridge likely costs less to make in massive numbers than the Mosin Nagant using full power ammunition did in its time.
Yet you still can't get the kind of deal on milsurp today that you could back then.
So you cannot just compare straight across the board. The technology displayed on those adds was more recent and more in demand, and while milsurp in huge numbers post World Wars, commanded higher prices for the rifle itself (not the collector's value of some of them today.)