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In case anyone was wondering, $68 in 1957 is equivilent to $607 in 2018.
by taurath 8y ago
In case anyone was wondering, $68 in 1957 is equivilent to $607 in 2018.
- AnimalMuppet 8y agoAnd it was over a hundred times more productive (rather than a thousand), even with the original numbers. With the inflation-adjusted numbers, it's over ten times more productive. (Still nothing to sneeze at...)
- beat 8y agoThe numbers were already inflation-adjusted. Even given my percent-vs-times goof (my bad), the Chinese economy is 130 times more productive than it was 60 years ago. People are assuming the numbers weren't inflation-adjusted because it's so hard to believe. But it's true.