3 ms·
>It's not a very valid comparison to say that something that was cutting edge technology in 1959 is cheaper now than it was 60 years ago Of course it's valid i
by hueving 8y ago
>It's not a very valid comparison to say that something that was cutting edge technology in 1959 is cheaper now than it was 60 years ago
Of course it's valid in the context of comparing how workers are doing today vs 60 years ago. The salaries today are buying the same perks.
- freehunter 8y agoIt'd be valid if washing machines and televisions were the only things workers today need. Back then they were luxuries, today they're standard issue and we have a whole host of new things that need to be bought. You didn't need an Internet connection, a computer, or a cell phone back then. But none of that matters, it's a ridiculous argument to say that a washing machine is indicative of real wage growth. What really matters isn't "how much does a washing machine cost", it's "does your salary keep up with inflation" and the answer is no: https://www.glassdoor.com/research/are-wages-keeping-up-with-inflation/ https://www.glassdoor.com/research/are-wages-keeping-up-with...