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    Re: Inflation ?????????????
    From: Alexandre Eremenko
    Date: 2005 Oct 11, 21:17 -0500

    To complete your message,
    do you know how much one is payed for a similar job now?
    It is hard to estimate the inflation over a long period,
    but I suspect that at that time, new sextants were much more EXPENSIVE
    than they are now. Look, from your numbers, it follows that an average
    price of a sextant is more than the monthly salary for a hard 24
    hours 7 days a week job.
    I am sure that on a modern salary from such job you can buy several
    most expensive new sextants. Even the minimal legal salary now
    is more than $5 per hour, which makes $3600 per month for 24 hour
    per day job:-)
    So it seems that a new sextant was a questionable investment
    in 1940, at least from the point of view of the heirs:-)
    
    Alex.
    
    
    On Tue, 11 Oct 2005, Henry C. Halboth wrote:
    
    > Some might find the following, taken from the 1943 edition of Mixter, of
    > passing interest ...
    >
    > "Prices of new micrometer sextants available in New York in 1940 are from
    > $150 to $250."
    >
    > "New vernier sextants cost from $90 to $125 ..............."
    >
    > "........... good second hand instruments are available for about $60."
    >
    > But then again, in those days I had a good and resposible job paying $100
    > per month for 24 hours per day x 7 days per week x 30/1 days per month -
    > no overtime, but they did feed and bunk me. Just think, after a few
    > months at sea I could buy the best sextant on the market, with a couple
    > of bucks left over for a beer or two. Someday my heirs are going to get
    > fat selling off the sextants I did buy.
    >
    > Henry
    >
    
    
    

       
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