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Indeed it would be nice to see a more definite and representative source for income. I wonder, since the process is more complicated, you should now include bot
by ppseafield 7y ago
Indeed it would be nice to see a more definite and representative source for income. I wonder, since the process is more complicated, you should now include both the line engineers and also the people working near minimum wage to make the parts for these cars. Did Ford make most of its own parts? How much was off the shelf, and were there industries that existed solely to make parts for these cars?
> For one, far fewer households today are single salary. Say what you will about whether this is a good or bad thing, but I think it's probably more appropriate to base the numbers on an "automotive household income" if that's such a thing.
How many households had two Model Ts, and how many households today have two cars?
- bumby 7y ago>How many households had two Model Ts, and how many households today have two cars? Like my response above, I think that's a valid and interesting point that should be factored in. I'd also be curious to see how much this plays into the overall debt load of consumers. I.e. does the necessity of dual-incomes force the need for multiple vehicles which in turn forces a higher debt load than previous generations? Where I come from, taking on vehicle debt is considered as much of a given as mortgage debt.