acridsheep
Distinguished Member
- Joined
- Nov 18, 2010
- Messages
- 2,175
- Reaction score
- 2,242
If you want to add another wrinkle to this thread, look at the exchange rate of the dollar driving up the price of Rolex! A new stainless steel daytona was $1175 in 1986. Today a new stainless steel daytona is $10,400. In 1986 one dollar would get 2.43 German Marks. By 1999 1 dollar would get 1.655 German Marks. After the conversion to the Euro, one dollar would get 1.11 Euros in 2002. Today one dollar will get 0.76 euros.
If it was inflation at work, $1175 in 1986 dollars would be about $2400 today at 3% inflation. The $10,400 price is not explained by inflation. It is the weak dollar that is screwing all Americans.
A Rolex was no big deal in the 1980's. People got them as gifts for 30 years of serivce at work. But that was also a time when many companies gave yearly 5% Christmas bonuses. That has been replaced with companies leaving the USA because of free trade, and people taking jobs that pay half as much. I LOL at all the programmer buddies that were making 6 figures, who were pro NAFTA and free trade, "screw the workers we don't need them" attitudes. Then India and Malaysia started producing programmers just as good as Americans and those jobs left. Now they are crying but nobody is left to hear them.
Wrinkle added. Well done.