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In 1945, US GDP per capita was almost $1600. Using your conversion factors, that would be almost $150k today. The actual number is something like $85k. I don't
by jltsiren 1y ago
In 1945, US GDP per capita was almost $1600. Using your conversion factors, that would be almost $150k today. The actual number is something like $85k. I don't think Americans are that much poorer today than they were 80 years ago.
- hilsdev 1y agoYou’re starting to get into the theories of how they hide true inflation
- rileytg 1y agoi’m american, what’s the price in big macs?
- qingcharles 1y agoFour myocardial infarctions.
- rat87 1y agoPoe's law strikes again. Is this supposed to be a parody of goldbugs or do you seriously think Americans were that much richer in 1945? Without a wink we don't know
- anshumankmr 1y ago1945 is the year 5 AMC (After McDonalds)
- andrei_says_ 1y agoHow is GDP per capita a useful measure in the presence of almost-trillionaires? Depending on which city they sleep in, Bezos or Musk make all local citizens multimillionaires. Per capita. Statistically.
- actionfromafar 1y agoThis is very true. One should look at some select percentiles instead, IMHO.
- rat87 1y agoHenry Ford had about 200Billiin adjusted for inflation around that time. Not quite as high as a couple of guys today but not that far off