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Yes, this is how inflation is leveraged by those at the top to dilute the bottom 98%. People think in terms of dollars instead of purchasing power, the fed nee
by creaghpatr 9y ago
Yes, this is how inflation is leveraged by those at the top to dilute the bottom 98%.
People think in terms of dollars instead of purchasing power, the fed need only boil the water slow enough for people to remain compliant.
- wonder_er 9y agoNot sure why the downvotes. Purchasing power is all that matters. Would you rather earn $1/hr or $15/hr? All that matters is what that money can purchase. This is the funny thing about our steadily increasing minimum wage laws. I've not seen many people discuss why purchasing power keeps declining. In 1990, $15/hr then was equivalent to $28.72/hr today. [0] Obviously, something is happening to purchasing power of our dollars, but it doesn't get discussed much. [0] https://www.dollartimes.com/inflation/inflation.php?amount=15&year=1990 https://www.dollartimes.com/inflation/inflation.php?amount=1...