The price of, say, a basic victorinox Swiss Army knife or a simple Caran d‘ache ball pen is still around one hourly wage in Western Europe and perhaps 2 to 5 in Eastern Europe.
side note: "caran d'ache" actually means pencil in Russian which in turn borrowed the name from Turkic, where cara(n) means black and ache is stone. The company is Swiss, but it was set up by a Russian cartoonist that fled the 1917 revolution, worked in Paris and settled in Switzerland inbetween the world wars.