this post was submitted on 25 Dec 2025
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$5,000 in 1946 is worth $83,000 today, according to the first inflation calculator I found. Our dollar has ~6% of the purchasing power a 1946 dollar had.
Yea, such comparisons should be done in units like "% of average worker salery". Not saying that their argument is wrong and things are way better now, I just don't like absolute value comparisons over such distances.
Average means nothing, the rich shift the average.
At least use the median or even better the minimum wage as standard.
Thats why I wrote "average worker", which excludes the rich. But median is also good.