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> Of course nobody likes it that prices go up, regardless of the "veil of money". People who remember sub-$1 gasoline will always think of that as the right pri
by high_priest 5y ago
> Of course nobody likes it that prices go up, regardless of the "veil of money". People who remember sub-$1 gasoline will always think of that as the right price, regardless of what wages have done since then.
This argument against inflation is brought up very often in my family and circle of friends.
People are used to the way of living they were brought up in, especially because of the "savings sock" culture that seemed to be common in their youth. People that bought into it and kept their finances frozen, or bought into retirement plans that try to pay out less than promised 30+ years ago, when even if they did pay out full, it would be of insignificant worth.
It is also very difficult to fight for a decent wage, with leaders and job-givers preaching "In your age I earned half what you are asking"... Which would be not enough for rent in current money.