The price of a 1960 Corvette was under $4,000.00 Minimum wage in the US was $1.00/hour.
What progress we've made!
this post was submitted on 21 Feb 2025
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To have the same affordability as a 1960 Corvette at 4000 hours worth of work, minimum wage would need to be $60.
Progress, but in the wrong direction. $60 minimum wage is absurd.
I don't have a degree in economics, but I can spot a scam.
One of the things I've noticed is that the price of feeling rich has gone up tremendously faster than inflation.
Look at 1960 prices for luxury goods and compare them to today. The Corvette is a good example; a top of the line Cadillac was about $5,000.00 and a Rolls Royce was about $25,000.00
Tickets to the Super Bowl were about $12.00 and front row tickets to Ali/Fraiser were $200.00.
If they made Pulp Fiction today it would be a $100.00 milk shake.
It isn't enough that we're broke, they want us to see it every day.
4000 vs 33000 minimum wage hours today
I always shake my head when people pull out an inflation calculator that says that $1 million is equivalent to $10 million today.
In 1960 $1 million was a vast fortune that would buy you a Beverly Hills mansion with enough money left over to live like a king forever.
Guess I'm not reading that article.
Chevy took a tour across the country with its development drivers to set some runs for the books.
By Zac PalmerPublished: Feb 11, 2025 11:24 AM EST
Chevrolet is out for blood with the 2025 Corvette ZR1, and on Tuesday, the automaker announced that the 1064-hp affordable hypercar has set a slew of new production car lap records at some of America’s most famous racetracks.
Do note, for what it's worth, that this barrage of lap records is entirely domestic; it doesn’t include the big one in Germany yet. Chevy hasn’t announced or even teased a Nurburgring Nordschleife record attempt, but that doesn’t mean it isn’t going to happen. For now, Chevy is claiming the following production car lap records:
-Watkins Glen Long Course: 1:52.7
-Road America: 2:08.6
-Road Atlanta: 1:22.8
-Virginia International Raceway Full Course: 1:47.7
-Virginia International Raceway Grand Course: 2:32.3
All of those lap times were set with various General Motors engineers at the wheel — no professional race car drivers involved. “From design, engineering, development, validation, to driving and setting incredible lap records like these – we do it all in house,” Corvette executive chief engineer Tony Roma said
All of these times were set with ZR1s equipped with the track-friendly (and admittedly pricey) Carbon Fiber Aero Package and the ZTK Performance Package. The former tacks on a high-downforce rear wing, front dive planes, underbody strakes and a more aggressive front spoiler, while the latter nets stiffer springs, a specific Magnetic Ride Control calibration and Pilot Sport Cup 2R ZP tires. You won’t achieve the ZR1’s incredible 233-mph top speed with this high-downforce kit, but it certainly facilitates the sort of record lap times on display here.
We’ll need to wait and see what other lap records Chevy vies for with the ZR1. Notably, Laguna Seca is not among the American tracks listed today – the Czinger 21C currently holds it. Ford recently put up an impressive number with its Mustang GTD by taking the American production car lap record at the 'Ring, and we see no reason why Chevy shouldn’t swat back with its 1064-horsepower supercar.
The corvette is supposed to be the performance car that the everyman can afford that can run with the best of them
Only the best of them now only cater to the ultra wealthy
I suppose, in comparison $240k is a deal when the cheapest Ferrrari is pushing $250k
But it's still not in keeping with its origins
The ZR1 package in 1970 cost $1,010.50
The ZR1 in 1995 cost double the base corvette at $68k (nearly $144k in today's monopoly money)
The C6 ZR1 was $105k ($158k today)
We jumped nearly $100k since the last one
Just to be clear, starting price for the ZR1 is 175k. But that doesn't include a lot of the aero stuff needed to set these lap records. IDK how much the rear wing and what not costs, 240k is with every optional extra included.