3 ms·
Excellent point. So it sounds like the basket of goods wasn't chosen correctly, or not changed often enough to be representative across each time line, or some
by CydeWeys 8y ago
Excellent point. So it sounds like the basket of goods wasn't chosen correctly, or not changed often enough to be representative across each time line, or something? Because it simply cannot be a valid result that a typical wage way back then (when standards of living were much lower) is worth millions of dollars today.