Can you believe this?

JVB66 replied on 02/09/2016 10:08

Posted on 02/09/2016 10:08

I have just been reading an article where it is said that since 1980 in real terms incomes have risen by 69.2% train fares by 67.1% bus fares by 86% but the cost of motoring has Fallen by 41.8%Surprised,

Debate pleaseWink

 

Fysherman replied on 02/09/2016 10:13

Posted on 02/09/2016 10:13

Probably true.

I did a little exercise a couple of years ago comparing Fuel prices and in real terms fuel is cheaper now than it was after OPEC caused the big price rise in the 1970's

Rocky 2 buckets replied on 02/09/2016 11:37

Posted on 02/09/2016 11:37

I guess the 'cost' is including repairs too. 21st century cars are uber reliable thus saving money in repairs. Fuel is cheaper, insurance too. All in all I'd agree.

Fysherman replied on 02/09/2016 11:46

Posted on 02/09/2016 11:46

Thats the problem with statistics like this. You need it referencing properly or you don't know how good the info is.

For example, did they include depreciation or not.

This is why on the facebook thread I have asked (to no avail as yet) the simple question where have the figures come from.

IanH replied on 02/09/2016 13:35

Posted on 02/09/2016 13:35

Not too sure about the wages figure......there is a huge discrepency these days between those at the top and those at the bottom - the multiplier of the lowest paid to the highest in a company can now be a huge figure, compared to what it was.

Also, does it include bonuses, share options, pension scheme payments etc? Again, something that is enjoyed by a few and not the majority.

The average may be true, but there are some big winners and losers.

jamiej replied on 05/09/2016 20:45

Posted on 05/09/2016 20:45

When I was 16 In 1986 I got £1 per hour for six months then went up to £1.50, at 17 I was on £1.90 at 18 I went up to £3.50,

Now 30 years later the wage for 16 year olds is around £3.80, I think the increase mentioned was only for MPsWink

tombar replied on 07/09/2016 09:09

Posted on 07/09/2016 09:09

Have not a wage rise in donkeys years.  Bus fairs are not too bad, railway fares don't affect me as I rarely use them.

jennyc replied on 07/09/2016 11:07

Posted on 07/09/2016 11:07

I remember talking to an agricultural worker in the 1960s. Even then he felt that his income was rising faster than prices. His measure was the number of pints of bitter which could be purchased from a weeks wages. If we take a hard look most of us have enjoyed a rise in living standards over the years. Maybe the big difference is that professional work today is a great deal more stressful than it once was.

redface replied on 07/09/2016 19:19

Posted on 07/09/2016 19:19

Since 1980 the MPG that I achieve on daily runaround has gone up fro 26 to 45mpg. Towing figures are 16 up to 36mpg, so I guess that means the daily cost of motoring has fallen.

Kennine replied on 08/09/2016 17:11

Posted on 08/09/2016 17:11

Not too sure about the wages figure......there is a huge discrepency these days between those at the top and those at the bottom - the multiplier of the lowest paid to the highest in a company can now be a huge figure, compared to what it was.

Also, does it include bonuses, share options, pension scheme payments etc? Again, something that is enjoyed by a few and not the majority.

The average may be true, but there are some big winners and losers.

Write your comments here...IMO The winners tend to be those in management grades of the Public sector. Conversely, the people who work in the real world carrying out real jobs in the private sector are not so lucky as their salary is dependent on the  cost effectiveness of their employer's business. 

Boff replied on 08/09/2016 17:54

Posted on 08/09/2016 17:54

Since 1980 the MPG that I achieve on daily runaround has gone up fro 26 to 45mpg. Towing figures are 16 up to 36mpg, so I guess that means the daily cost of motoring has fallen.

I don't think my Landcruiser would do 36mpg even if it was being towed let alone towing

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