idestroyedthetoilet
Well-Known Member
According to some cost of living calculator I found online, it appears the cost of living has risen 2,500% since 1975. I’m not even sure that can be accurate.
Another site which calculates data has inflation having risen almost 500%. That seems right to me.
Based on that, have salaries increased accordingly?
Salaries match inflation. That's pretty much a guarantee of the math. The questions come around quintiles and so forth. Also, our inflation measurement does a very terrible job of calculating and capturing any remotely close picture of standard of living delta. Basically what I mean by that is wages are measured as stagnant in real terms yet standard of living has skyrocketed. Look at the math behind the stagnant wages myth and you'll see that it's impossible for wages not to stagnate in the context of our current measurement of inflation, yet living standards dont. And if you want to break that out into class warfare, well, take the entire income rise of the rich and divvy it up among the rest. Now we all get a few hundred bucks a year more. That's stagnant all the same, especially after adding in the inflation it would produce.