Lady Butterfly she/her@reddthat.com to Microblog Memes@lemmy.worldEnglish · 17 hours agoDiscussreddthat.comimagemessage-square74fedilinkarrow-up1450arrow-down113
arrow-up1437arrow-down1imageDiscussreddthat.comLady Butterfly she/her@reddthat.com to Microblog Memes@lemmy.worldEnglish · 17 hours agomessage-square74fedilink
minus-squaresnooggums@piefed.worldlinkfedilinkEnglisharrow-up39·14 hours agoI expected to pay $5 for a good sandwich in 1995 and with inflation $11 sounds about right. Double checked and yup: https://www.calculateme.com/inflation/5.00-dollars/from-1995/to-now The main problem is that since wages haven’t kept up the proportional value to the paycheck doesn’t follow inflation which is why it isn’t actually as simple as just looking at inflation.
I expected to pay $5 for a good sandwich in 1995 and with inflation $11 sounds about right.
Double checked and yup: https://www.calculateme.com/inflation/5.00-dollars/from-1995/to-now
The main problem is that since wages haven’t kept up the proportional value to the paycheck doesn’t follow inflation which is why it isn’t actually as simple as just looking at inflation.