nova_robotics (Jan 22, 2024)
The Model T has a reputation of a car cheap enough to be afforded by basic laborers, but this was when the average worker made less than $500 per year.
$850 in 1908 is equivalent to $28k in today's money.
Neil
Quote from...Originally Posted by sossol
https://detroithistorical.org/learn/...etroit/model-t
"The Model T was the first mass-produced car that was affordable enough for a wide audience. In 1909 a new Model T cost $850, but by 1924 the price had gone down to only $260. The average assembly line worker could purchase one with four months’ pay in 1914."
FOB. Huh. I thought Incoterms came into being around World War 2. I guess not.
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