3 ms·

"pretty meaningless" is a strong take.

• authorfly 2y ago
  Well for consumer goods what could be more "meaningful" is comparison to Disposable Income. I know it could be seen as a bit too socialist for the scientist to look at this over inflation, but if we are looking at how people value the meaning of the cost of fiat currency, it's clearly related to the people themselves. Disposable Income (inflation-adjusted or proportionate to whole income) tends to go up and down with a different pattern to inflation (or housing which makes up most of inflation most of the time) but represents more the difference in cost to you for a consumer good (especially elastic ones). The picture is much less rosy but represents the median person this way, not tech workers.