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> but today that's still the go-to. I agree with you however I think this shows how poorly people understand inflation. Inflation from 1993 -> 2023 is 113% S
by MuffinFlavored 3y ago
> but today that's still the go-to.
I agree with you however I think this shows how poorly people understand inflation.
Inflation from 1993 -> 2023 is 113%
Slipping a waiter an extra $20 has 113% less meaning in 2023 than it did in 1993. You should be slipping a $40 lol
- Eric_WVGG 3y agoFor sure. Every bartender in my ’hood loves me because I'm the only person who tips more than a buck for a beer.
- FrustratedMonky 3y ago? Man, I still use a buck. Didn't realize how much that had changed. Guess used to be if a beer was 2, and you tip a buck, it is 50% Now a Beer is 6, and you tip a buck, it is ~16%. But really, 50% was way too much to begin with, it was just convenient accounting when hammered.
- cooper_ganglia 3y agoA $40 tip is wild unless you’re talking about taking the entire family out to a nice restaurant, lol. I remember 20 years ago, the general rule was to tip at least 10%, then at some point it changed to 20%. I abide by that. If it was great service, I tip 20%, if it wasn’t very good, I tip 10%.
- sokoloff 3y ago> Inflation from 1993 -> 2023 is 113%. Slipping a waiter an extra $20 has 113% less meaning in 2023 than it did in 1993. That $20 has 53% (1 - (1/2.13)) less meaning in 2023 than in 1993. If it had 113% less meaning, the 2023 meaning/value would be negative and the waiter should rationally turn it down.