4 ms·
2019 $7.5 per hour is roughly equivalent to $4 per hour today.
by hartator 3y ago
2019 $7.5 per hour is roughly equivalent to $4 per hour today.
- kadoban 3y agoYour claim is that inflation in ~4 years is almost 90%?
- anonporridge 3y agoThe claim is money supply debasement, which is related to but not directly aligned with consumer price index (CPI) which only measure inflation for some theoretical "average" consumer based on some bucket of goods, services, and assets that increase or decrease in cost at sometimes wildly different rates.
- kadoban 3y agoCPI is pretty crap, but another model that shows almost 90% inflation in ~4 years seems even more suspect.
- deleted 3y ago[deleted]
- irrational 3y ago$7.5 an hour? Is it still that low in places? Around here, the lowest you will see is $17/hr.
- ZoomerCretin 3y agoAdjusted for inflation, $7.25 in January 2009 (when it was last set) has the equivalent purchasing power of $10.36 in March 2023. I live in a part of the country where many jobs pay $9-10 an hour despite rent being $600/month for a room.
- irrational 3y agoThat’s cheap. Around here, even the lowest of the low apartments (complete slums) are just shy of $2000 a month.
- ZoomerCretin 3y agohttps://www.bls.gov/data/inflation_calculator.htm https://www.bls.gov/data/inflation_calculator.htm $7.25 in March 2023 has the equivalent purchasing power as $6.05 in January 2019.