From a Letter to the Editors of AvWeb

[rhurt]

I don't think the cost of flying has increased more than the value of the dollar has proportionally decreased.

I think we do not earn as much because pay rates have not increased as a constant proportion to the devaluation of the dollar.

Blame it on the Federal Reserve printing money, blame it on the national debt, blame it on taxes or even lack of entrepenurial spirit, but if you were paid in gold, the same job would earn more value in 1978 than today.