8/
8/
F-350, 1 ton, 4 doors, new, 2020 $37,885
F-350 1 ton, 4 doors, new, 1990 $19,068
That's $37,972.60 in 2020 dollars.
Lower price for a superior product.
How do you explain this @braxton_mccoy ?
cites:
https://www.edmunds.com/ford/f-350-super-duty/2020/supercab/ …
https://www.michigan.gov/documents/1990combtr_20338_7.pdf …
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9/ The way I explain it is that your thesis is wrong.
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ⓘ Dogs don't have thumbs Retweeted Braxton McCoy
10/ Inflation is a MEASURE of prices increasing, not a CAUSE of it. Reported inflation AVERAGES price changes across multiple products. Electronics have gotten a ton cheaper. Health care has gotten more expensive. Vehicle prices up ...in nominal termshttps://twitter.com/braxton_mccoy/status/1317202794953142272 …
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11/ But vehicle prices are DOWN in absolute terms. High school grad made $26,653 in 1990. Made $40,000 in 2010. Prob made $45,000 or so in 2020. So it's EXACTLY as easy for a high school grad to buy a F-350 in 2020 as it was in 1990 except >>>
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12/ The F-350 on the lot in 2020 is a much much better vehicle. It's got airbags, better mean time between failure, more fuel efficient, less susceptible to corrosion, MUCH better impact protection. It's better to be a HS grad buying a 350 today than 30 years ago!
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ⓘ Dogs don't have thumbs Retweeted T_p R_ck B_ng
13/ gosh, if I could do it over again, I would have put URLs in tweet #8 in this thread so that people could have clicked and found out what data I was using. Might even label the URLs with the word "cites". Oh well, too late now.https://twitter.com/25th_Prestige/status/1317205054152077312 …
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ⓘ Dogs don't have thumbs Retweeted Swamp Yankee
14/ Yes, F-350s are absolutely work trucks (or, at least, can be. Out here in farm country, though, I see about 10x as many of them being driven to the liquor store with nothing in the bed, as I see hauling cargo) But the thread started with a claim >https://twitter.com/ndwpdx/status/1317206291333275648 …
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Swamp Yankee @ndwpdxReplying to @MorlockPThis is a work truck. Seriously. The guy who owns the tiny drilling rig outfit that just drilled our well has one. He's older, and modestly successful, and wants to drive something that reflects that, while still having a V8 diesel to haul shit. Not gonna judge.4 replies 0 retweets 5 likesShow this thread -
15/ that: * this affected the poor and middle class * the price has gone up to unreasonable levels, bc inflation * the price is now $75,000 * and [ implicitly ] this is the lowest tier that solves the problem, ignoring that this is the luxury tier with tons of doodads and bling
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ⓘ Dogs don't have thumbs Retweeted T_p R_ck B_ng
16/ sources, please?https://twitter.com/25th_Prestige/status/1317207346452385792 …
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Replying to @MorlockP @braxton_mccoy
I was going off memory for the 2005, I was $5k light. 2005 2020pic.twitter.com/Gn5InCaCKT
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links plz?
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