NavList:
A Community Devoted to the Preservation and Practice of Celestial Navigation and Other Methods of Traditional Wayfinding
Re: Inflation ?????????????
From: Alexandre Eremenko
Date: 2005 Oct 11, 21:17 -0500
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 >