GodlessCommie@lemmy.worldM to Late Stage Capitalism@lemmy.worldEnglish · 2 months agoA visual representation of the devaluation of the US dollar.lemmy.worldimagemessage-square3linkfedilinkarrow-up13arrow-down10
arrow-up13arrow-down1imageA visual representation of the devaluation of the US dollar.lemmy.worldGodlessCommie@lemmy.worldM to Late Stage Capitalism@lemmy.worldEnglish · 2 months agomessage-square3linkfedilink
minus-squareGodlessCommie@lemmy.worldOPMlinkfedilinkEnglisharrow-up1arrow-down2·2 months agoIts compared to our buying power, which has diminished from a case of candy to a Halloween size bag of Gummies
minus-squareAudaciousArmadillo@piefed.blahaj.zonelinkfedilinkEnglisharrow-up2·2 months agoNo. Your wages have increased as well, so in 1900 you’d be very very wealthy. That is how inflation works. As a worker you should be interested in your buying power per hour of labor. Not the buying power of a currency.
Its compared to our buying power, which has diminished from a case of candy to a Halloween size bag of Gummies
No. Your wages have increased as well, so in 1900 you’d be very very wealthy. That is how inflation works. As a worker you should be interested in your buying power per hour of labor. Not the buying power of a currency.