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Inflation makes labor cheaper for every employer.
The profit margin on a car is actually higher than in the 1970's but the labor is cheaper.
To make $2.30 cents equivilent in 1970, you'd need to make &23 dollars today.
A 1970 mustang :
BASE PRICES Fastback - $2,771 Hardtop - $2,721 Convertible - $3,025 Grande - $2,929 Mach 1 - $3,271 Boss 302 - $3,720 Boss 429 (extra price) - $1,208
2012
Mustang V6 22,995 Mustang V6 Premium 26,895 Mustang V6 Convertible 27,995 Mustang GT 29,995 Mustang V6 Premium Convertible 31,895 Mustang GT Premium 33,895 Mustang GT Convertible 34,995 Mustang GT Premium Convertible 38,895 Mustang Boss 302 40,995 Mustang Shelby GT500 49,495 Mustang Shelby GT500 54,495
But, of course, inflation is Nothing to worry about.
In 1977 I got 2 teeth filled, and one pulled in one visit cot 40.00
Last month I had one tooth filled - cost 560.00
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