$70? The threads alone could cost $70 to cut at a fair labor rate. I think that most of the prices for "hand-made" mods are quite fair. Having more than a few hours behind a lathe, I know that high quality and precision do not come quick, and therefore do not come cheap. I'd be surprised to find that any of the "high-end" mods have less than 10 hours of labor in each finished piece.
Woah, hold on there. It was not my intension to turn this into a high-end versus mass produced debate.
Yes, a small outfit has high labor costs and it takes a good long while to make them "by hand".
I happen to make guitars as one of my (many) hobbies. It takes me many hours to make a guitar neck using a thickness planner, a bandsaw, a router, a spoke shave, a drill press, a belt sander and an oscillating spindle sander not to mention a good while hand sanding and the fret slots have to be cut by hand on a jig as well.
A CNC machine can do all this in a matter of minutes - never leaves the machine.
Does that make a "hand made" neck better? It does not.
It just means that a lot more personal effort went into making it. Some people prefer things made the old fashion way for various reasons - which is fine.
It is not my intension to attack, degrade or begrudge any small businesses here. People will buy what they want and can afford.
The truth is that I have looked into the actual costs of the material stock needed as well as the machinery costs on even the most basic level. So, I have a good idea about what's going on behind the scenes.
My point is about
industry and mass production. Please don't throw that into the same boat as the small shop craftsman.
And by the way, the $600 a month wage of the Chinese worker that somebody quoted if quadrupled comes out to about the same as the average machinist wage in the US which is $12 - $15 an hour. Hence my $15 vs $60 - $80 comparison.
I have received several reasonable opinions that have stayed on point.
Please don't turn this into a craftsman vs computer thread.