3 ms·
Things just don’t really convert neatly because the shape of what people spend money on in life hasn’t evolved uniformly. Food appears somewhat cheaper, housin
by gyomu 6mo ago
Things just don’t really convert neatly because the shape of what people spend money on in life hasn’t evolved uniformly.
Food appears somewhat cheaper, housing much cheaper; but clothing and tools/appliances were much more expensive. Things like student debt and healthcare costs are also interesting to compare and wildly differ over time & place.
Also common for the average middle class person to spend a sizable percentage of their income on travel/vacation today; as I understand it that was quite uncommon before the mid 20th century.
- trhway 6mo agoI use "super-baskets" like say US GDP per capita >The June 1940 photograph along Hwy 1 in Maryland had $0.05 hotdogs ($1.17) and $0.10 burgers ($2.34). 1940 $779 to today's $94K GDP per capita gives $6 for the 1940 $0.05 hotdog.
- deleted 6mo ago[deleted]
- yulker 6mo agoGDP is not distributed equally by any means, so meaningless as a per capita figure in this context
- frikskit 6mo ago94K GDP/Capita for US is wildly off it’s around 66K.
- trhway 6mo agoIMF 94K https://www.imf.org/external/datamapper/NGDPDPC@WEO/USA/DEU https://www.imf.org/external/datamapper/NGDPDPC@WEO/USA/DEU you're probably still in 2020 when it was 66K :) That is the real inflation here.
- deleted 6mo ago[deleted]
- xhkkffbf 6mo agoTravel and vacation were much rarer. Many jobs gave only 2 weeks a year of vacation. Many jobs didn't include travel. That's changed with the invention of cheap airlines. Alas, some like SWA have changed their business model.