Comments on: Duluth to California $40.22 http://www.perfectduluthday.com/2012/04/29/duluth-to-california-40-22/?utm_source=rss&utm_medium=rss&utm_campaign=duluth-to-california-40-22 Duluth Minnesota Blog and News Fri, 24 May 2013 09:30:37 +0000 http://wordpress.org/?v=3.3.1 hourly 1 http://wordpress.org/?v=3.3.1 By: wildgoose http://www.perfectduluthday.com/2012/04/29/duluth-to-california-40-22/#comment-58662 wildgoose Mon, 30 Apr 2012 13:10:19 +0000 http://www.perfectduluthday.com/?p=54952#comment-58662 I understand what you are saying about "buying power" as Joel says a similar trip is just a bit more than your estimate. (Although I should say that a plane ride vs a rail journey isn't exactly a "similar" trip when you consider what you are getting in terms of quality of trip vs. lenght). BUT, I am wondering if there is a distinction of some sort between "buying power" and "earning power." For example, if a person earned $40 a week in 1914 would that person earn $900 a week in today's dollars? I have a hunch that it may have been easier to come up with $40 in 1914 than it is to find $900 today. Things like inflation and amortization, etc are all very confusing to me. I understand what you are saying about “buying power” as Joel says a similar trip is just a bit more than your estimate. (Although I should say that a plane ride vs a rail journey isn’t exactly a “similar” trip when you consider what you are getting in terms of quality of trip vs. lenght).

BUT, I am wondering if there is a distinction of some sort between “buying power” and “earning power.” For example, if a person earned $40 a week in 1914 would that person earn $900 a week in today’s dollars? I have a hunch that it may have been easier to come up with $40 in 1914 than it is to find $900 today. Things like inflation and amortization, etc are all very confusing to me.

]]> By: Joel http://www.perfectduluthday.com/2012/04/29/duluth-to-california-40-22/#comment-58661 Joel Mon, 30 Apr 2012 10:53:05 +0000 http://www.perfectduluthday.com/?p=54952#comment-58661 Yup, And I'm flying round trip DLH to Long Beach, CA for $650 on Delta next month..... And it should take way less than a week to get there! Yup,
And I’m flying round trip DLH to Long Beach, CA for $650 on Delta next month…..

And it should take way less than a week to get there!

]]> By: Lawrence Lee http://www.perfectduluthday.com/2012/04/29/duluth-to-california-40-22/#comment-58659 Lawrence Lee Mon, 30 Apr 2012 02:20:36 +0000 http://www.perfectduluthday.com/?p=54952#comment-58659 Adjusting for inflation, the buying power of $40.22 in 1914 would be roughly equivalent to $907.65 in 2012, according to <a href="http://www.dollartimes.com/calculators/inflation.htm" rel="nofollow">dollartimes.com</a>. Adjusting for inflation, the buying power of $40.22 in 1914 would be roughly equivalent to $907.65 in 2012, according to dollartimes.com.

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