Tools like that have been commonplace and found in stores that sell products for the disabled for years. I own three variations of your example. As small as picking up a dime from the floor or a different grabber for changing a light bulb that is normally out of reach, it's all just matter of asking the right person what they use. :)
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> Xtend-A-Hand. This site prices them at $23, which is a lot pricey. >
> I've got a bad back. If I drop something metal in the shop, I've
> got a large speaker magnet, on a string, I use to pick it up. But, if
> it's something the magnet won't pickup, I'm SOL, and gotta get down and
> grab it. The getting down isn't bad, it's the getting back up.
>
> I'd seen something similar, but couldn't find any locally, so
> checked eBay. They had these at about $5.99 each, plus shipping. I was
> looking for a bit better price, and found cases of 24, going for about
> $34.99, plus shipping, whch came up to just under $50, total. So got a
> case. Figured I could have one or two in the house, one in the truck,
> couple in the shop, and give some away.
>
> Got them the other day. Wish I'd ran across them before. Earlier
> this evening I spend about 15 minutes picking stuff off the floor of my
> shop. I couldn't have done as much in two hours before. They aren't
> going to last a lifetime, but they're good enough to last quite awhile,
> if you don't abuse them too badly. Then I'll always have a spare or
> two. And, no, I'm not associated with them, just a happy customer, as
> they say. I also was able to get at two video tapes, without moving my
> stacked bookcases. At last.
>