GREENBELT, MD—Comparing the prices of common household goods to what they were back in his younger days, local old man George Swander reportedly remembered Tuesday when things cost roughly the same as now after adjusting for inflation.
“Back in my day, you see, you could get a hamburger for just 15 cents, which, when taking into account steady economic growth and the increase in federal monetary creation over time, is about the same as it is now,” said Swander, recalling that he used to be able to get by on just a few bucks a week that, in relative terms, equaled roughly the same amount that his expenses came out to today.
I guess make sure your clothes fit in the future.
When you're always broke, the price doesn't change.
true
And nothing is free. Advice? People offer it for free, you WILL pay in the end.
YousifAlkola انت بعد ٥٠ سنة
The minimum wage would be like $25 an hour if pay increased at the same rate as productivity
Actually I’d think many things are cheaper
The price of computing power has plummeted, which is nothing to sneeze at
“The old man added that he even remembered when minimum-wage jobs paid roughly the same amount as they do now after seeing the hourly rate was exactly the same.”
That’s why I love , they always bring the realest news to the forefront. They are the top dogs in factual based news!
Like polyester shirts and stupid hats.
Roger Stone not aging well.
🤣😅😊🤪😊
Oh yeah, totally. I mean cost of living, buying a house, tuition, all these things stayed constant over the years. Production and wages have kept pace with one another without issue. 🙃
Too bad wages aren’t adjusted....
Iffy had a dollar and a nickel every time I heard that.
Sometimes it doesn't work out tho... lol
I remember when minimum wage was $5.25 and hour. 35 years later. Its not much better. Obviously inflation only works for things we have to buy.
But the number of whippersnappers has gone way up.
But can't remember where he parked his car.
I get the joke, cause stuff is still more after adjusting relative to wage stagnation. Good one, 🧅!
Don’t take this away from Boomers. 😂
I love when it's painfully obvious that people haven't actually read the article in question.
Prices keep going up and you have less but told its just adjusted for inflations and based on current market rates You still have nothing
I know this is a joke but like... shit costs way more now
Did wages adjust for inflation?
And when wages were roughly the same as now BEFORE adjusting for inflation.
Being a retired IT worker, I remember when things were about a million times as expensive
Homeboy is always strapped with that HP 12c
This is funny, but would be funnier if it were true. The change in cost of living is well beyond inflation.
😁
Pretty true except for one big category: Cost of rent. The percentage of rent to income has grown incrementally in the past 40 years. Especially in big cities.
My dad says you could get a Caddy for 5 bucks in 1959.
Ahhh yes, automobiles.
Mi papá, todo el tiempo 😂.
even the iPhones
He wouldn't be talking about healthcare, higher education, or the minimum wage then.
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