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Scott Lurndal Scott Lurndal is offline
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Default Value of used Shopsmith

Clare Snyder writes:
On Wed, 28 Mar 2018 10:15:03 -0500, Leon lcb11211@swbelldotnet
wrote:

On 3/28/2018 5:55 AM, BillinGA wrote:
I bought one in 1978. I was limited to keeping my woodworking equipment in a 4x 8 carport storage room. When needed, I would roll it out onto the carport and cut/turn away. Shopsmith offered classes at a very reasonable rate and the training projects made one familiar with the different configurations. The variable speed motor is plenty strong and doesn't rely on expensive electronics. Still runs well after all these years. The ease of dado adjustment comes to mind as the blades are right there and you lower the table over them for use. I've never taken 20 minutes to make any setup change and that includes going from a "table saw" (not much table) to a drill press....more like 5-6 minutes. Since then I was able to have a larger shop and , like most others, acquired a table saw, radial arm, router tables, etc. The Shopsmith met my financial and space needs at the time of purchase. It doesn't do any one function particularly well when compared to dedicated tools but I've never

regretted the purchase.



IIRC in 1978 the Shop Smith was about 1/3rd the price it is today, maybe
a bit less, I was thinking $800 or so. Like everything else it has gone
up in price.

But not as fast as the average wage, or the price of Gasoline, or
beer.

In 1978 $800 was a pretty sizeable chunk of cash!! A good 2 weeks pay
for an average laborer.


In 1978, the U.S. minimum wage was $2.65/hr. That's 300 hours (or almost
five weeks) to pay for the shopsmith (assuming no other expenses for
that month). So, in reality, $800 probably used at least six
months of discretionary income for the average laborer, if not more.
(taxes, fica reduce the top end, then there are day-to-day living
expenses, so it probably would take over a year for someone to save
$800 for a shopsmith).

$10.00/hr in 1978 was rare, particularly for an average laborer (I was
getting $7/hr with shift differential in a starch factory about then
which was generous).