Re: rec.bicycles.tech - FAQ?

In article <1173041490.889107.76070@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
carlfogel@xxxxxxxxxxx wrote:

On Mar 4, 1:07 pm, Tim McNamara <tim...@xxxxxxxxxxxxx> wrote:
In article <1aCGh.37250$s47.3...@xxxxxxxxxxxxxxxxxxxx>,

[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 piss 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!
.

Relevant Pages

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