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If you're interested in knowing why, the reason for this is century-long expansion of the money supply at an average of ~7% year. This halves the value of the d
by npoc 1y ago
If you're interested in knowing why, the reason for this is century-long expansion of the money supply at an average of ~7% year. This halves the value of the dollar every decade and assuming you get an average payrise of 2%/year, means you've been getting an average paycut of 5% every year. This would mean that you couldn't afford anything, except for the fact that the value of consumables (food, toothbrush, books etc.) goes down by around 5% a year due to the constant reduction in human time required to create them, due to technology advancements. Unfortunately those technology advancements haven't been made to high-quality furniture, which is likely still mainly hand-made.