917 The economics of health
We had a low budget wedding and received modest, but useful gifts--many of which I’m still using after 45 years. Like the butcher knife I used on the corned beef slab to make it fit in the crock pot this morning; the turquoise color nesting Pyrex bowls I use everyday to either mix, serve or store food; and the white metal bathroom scales I haven’t stepped on in the last four weeks. I looked through Google’s images to see if I could post what this little treasure looks like with all its 1950s sleek, aerodynamic design, but couldn’t find one. I remember the couple who gave it to us, but not their names. Indianapolis. The husbands worked together as draftsmen for a coal company. She was a hair dresser. They were about 45-ish, so have probably gone to their rewards now. This metal scale has followed me through lots of dress sizes over the years, and depending on what that is, may accumulate dust for months at a time.However, today in a WSJ article about new household appliances and gadgets I noticed the "HoMedic Total Body Fat Analyzer Scale." It sells for about $140 and will tell you where the fat is on your upper and lower body (currently I use a mirror for that), and what your optimum levels are (I've had this body for 65 years and I think I know that answer). It measures how much body water you have, skeletal muscle mass, and the calories you can have to maintain the weight you want.
In 2003, the most recent date I could find for comparison, $10.00 in 1960 would be $62.16 using the Consumer Price Index; $50.21 using the GDP deflator; $76.13 using the unskilled wage; $129.77 using the GDP per capita ; and $208.66 using the relative share of GDP Relative value. Relative value
In 2004 the adjusted dollar cost for a gallon of gasoline was the same as the 1960 price ($1.79), but it would take 20 new cars to equal the pollution of one 1960 car (which we didn’t have in 1960 so we were polluting even more). But I digress--the price of gasoline in 1960 really doesn't have a thing to do with this story. So I’m thinking I could probably buy the $140 scale, and go with the GDP per capita figure (adjusted a little for 2005), and completely justify it in my mind as the replacement for a 1960 scale. Still, the 1960 scale was a gift, costing us nothing (because the wedding was in Illinois, they didn't attend). Maybe I’ll just keep it and use the mirror and tape measure and start walking to the coffee shop.
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