On Tue, 19 Jun 2007 11:05:14 +0000 (UTC), Dylan Smith
wrote:

On 2007-06-19, Mutts wrote:


Article about this very thing........

Up, Up and ... Never Mind
http://www.flyingaggies.org/flightli...585&mode=print

I now its popular to blame cost for the decline. Yes, it is a factor I
know.

If you correct the costs from the 1960s to today's with inflation,
you'll find the cost in real terms hasn't changed.

No, I can't agree with that. Back when I was a freshly-minted Air Force 2nd
Lieutenant, a brand-new 172 cost about 150% of my annual salary. Now, thirty
years later, a brand-new 172 would cost *more* than 150% of my salary... despite
decades of career growth and raises that reflect experience, not just cost of
living increases.

Ron Wanttaja