Any modern BOF vehicle will get to 300k miles with relatively little fuss.
Try that with an EB or FSB.
Try that with an EB or FSB.
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Fine.We're talking about Productivity vs Wages.
With Productivity SHOULD come savings through efficiency.
With improved productivity should come more profit.
WIth more profit should come higher wages.
This last part is missing.
Which, regardless of how much longer the vehicle last, is the reason that people take 7 year loans.
Maybe those vehicles now last 15 years instead of 10, but now many people have 7 year loans instead of five.
So, they are still paying on a loan for 1/2 the life of the vehicle, but they are paying TWICE as much (wage to cost) as they would have a couple decades ago.
Also many many more featuresFine.
My point is that the value of the product we are buying is significantly higher. It lasts twice as long, is much safer and requires fewer of my weekend hours to maintain.
Point taken.Fine.
My point is that the value of the product we are buying is significantly higher. It lasts twice as long, is much safer and requires fewer of my weekend hours to maintain.
Unless you get one with a weird electrical glitch, which is not that uncommon with the amount ofAny modern BOF vehicle will get to 300k miles with relatively little fuss.
Try that with an EB or FSB.
...what? I’ve never heard of an “electrical glitch” making a truck not worth fixing at 200k milesUnless you get one with a weird electrical glitch, which is not that uncommon with the amount of
stuff jammed in these days.
You said "little fuss"...what? I’ve never heard of an “electrical glitch” making a truck not worth fixing at 200k miles
I want to be upset, but I know there must be something wrong... Its not like all of a sudden the American workforce decided to stop understanding time value or compensation... This is always a tricky subject, not only because of inflation, but because the subjective value and power of the dollar changes and improves overtime independently from inflation. Simple example, the richest man in the world in 1900 couldn't buy a Microwave. That is an extreme case but quality of living has never been easy to quantify, certainly not in real dollars. All of these dynamics effect wages and time value of labor. Not to mention how industrialization and automation improve productivity per hour fairly independently from the individual worker, yet their gains may be included in this chart. I'm no econ expert but I always have to take stuff like this with a grain of salt. I guess the best any of us can do is look at what a dollar can give us, what an hour can do for us and analyze if our current Job is fair. If not, then perhaps you should choose a different line of work, or reevaluate how cash and time value are balanced in your mind (often easier said then done)We're talking about Productivity vs Wages.
With Productivity SHOULD come savings through efficiency.
With improved productivity should come more profit.
WIth more profit should come higher wages.
This last part is missing.
Which, regardless of how much longer the vehicle last, is the reason that people take 7 year loans.
Maybe those vehicles now last 15 years instead of 10, but now many people have 7 year loans instead of five.
So, they are still paying on a loan for 1/2 the life of the vehicle, but they are paying TWICE as much (wage to cost) as they would have a couple decades ago.
why I'll never buy a SFA, I do a lot of highway driving heading to the NJ shore to surf fish, don't need that nonsense2020 XL base std cab F250 4X4 ..... 38,090
........................ Crew............... 41,690
XLT ...base CC 4X4 ............ 47370
I suppose you can argue the comfort angle.....if you can put up with the "DEATH WOBBLE" that FoMoCo is currently NOT warrantying.
Good observation. Most things are tough to compare across generations. A loaf of bread is pretty consistent - though its produced & packaged very differently. But consider things like 'healthcare' or 'housing' or 'entertainment'. Today middle-class Americans enjoy a lifestyle unimaginable in the mid 20th century.quality of living has never been easy to quantify
why I'll never buy a SFA, I do a lot of highway driving heading to the NJ shore to surf fish, don't need that nonsense
you guys who crawl rocks god bless you and your obsession.....not me
Yes the issue is not always cut and dry. I visited the Chicago History Museum last weekend, and they had various old mechanical items on display, including an old Craftsman band saw. According to the sign under the display, that bandsaw would cost around $600 in today's dollars. Yet I can go to Harbour Freight or similar company, and probably get a bandsaw for under $100.I want to be upset, but I know there must be something wrong... Its not like all of a sudden the American workforce decided to stop understanding time value or compensation... This is always a tricky subject, not only because of inflation, but because the subjective value and power of the dollar changes and improves overtime independently from inflation. Simple example, the richest man in the world in 1900 couldn't buy a Microwave. That is an extreme case but quality of living has never been easy to quantify, certainly not in real dollars. All of these dynamics effect wages and time value of labor. Not to mention how industrialization and automation improve productivity per hour fairly independently from the individual worker, yet their gains may be included in this chart. I'm no econ expert but I always have to take stuff like this with a grain of salt. I guess the best any of us can do is look at what a dollar can give us, what an hour can do for us and analyze if our current Job is fair. If not, then perhaps you should choose a different line of work, or reevaluate how cash and time value are balanced in your mind (often easier said then done)
"Value" can be a loaded word. Also as mentioned earlier in this thread, I recently bought a new car that meets modern safety requirements and maintenance schedules, and yet the price aligned closely to inflation. It didn't cost 10+ grand more than it's earlier counterpart. So the notion we are paying more for safety and maintenance is questionable.Fine.
My point is that the value of the product we are buying is significantly higher. It lasts twice as long, is much safer and requires fewer of my weekend hours to maintain.
about 150k miles in a stock 250 that is meticulously maintained, and 75k in a lifted 250 that I treat like crap, never seen this issue, and that is on some horrible washboard roads at speed.why I'll never buy a SFA, I do a lot of highway driving heading to the NJ shore to surf fish, don't need that nonsense
you guys who crawl rocks god bless you and your obsession.....not me