3 ms·
That's inflation, GP is referencing purchasing power.
by chownie 3y ago
That's inflation, GP is referencing purchasing power.
- arcastroe 3y agoBut inflation is measured by normalizing purchasing power across multiple categories.
- pcthrowaway 3y agoIf you look at wages compared to cost of living in 1960, you'll find the average ford line worker would have a similar quality of life to someone who makes $4000/week in today's dollars. Look at what food, rent, gas, and real estate used to cost