Awe come on ... We drive vehicles commonly described as bricks - Surely I can use ancient discredited economic theories 
Regards

There must be a lifetime of thought in the last second if we are to live from moment to moment.

On 2012-05-19, at 4:37 PM, Loren Busch <starwagen@gmail.com> wrote:

>  RE: Cost of gas vs. wages over the years
> One big problem with the statistics being used.  They ignore the real numbers.  The $750 a year wage in 1912 had risen to about $700 a month in the mid 1960's but the 20 cent gas of 1912 had only risen to about 29 cents a gallon.  And the cost of an automobile had risen to around $2,500 to $3,000 in the mid 1960's.  And then in the mid 1970's all hell broke loose on gas prices.  And by the time our Vanagons were first being built in 1980 proportions of wages to vehicle cost to gas prices was as totally different from 1912 as you can get.
> BTW, trying to express the value of any product in terms of wages/salaries,  usually referred to as the "Labor Theory of Economics", was discredited and dropped from any serious economic discussion by about the mid 1800's.