I saw this circulating around and thought it was an interesting read.

Some of these are horrendous, some are funny, and a few made me think “Hmm, maybe not a bad idea”

  • nova_ad_vitum@lemmy.ca
    1·
    1 month ago

    You:

    The inflation calculators you use are wrong

    Also you:

    Except that I’m not focusing on “inflation.”

    Look at the 1960 figures. That meant that a high school graduate with no particular skills could live a pretty good life and support a family working 40 hours a week. Today it’s common to require two incomes to keep a family going.

    Cool, but it’s helpful to state your premises up front. That situation was viable well into the 70s, after which Reagan-era policies completely decoupled real income from productivity, and started to fall apart. By the mid 90s it was all but gone.