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Grandwolf319 , 9 months ago Your using “inflation adjusted” which imo does not work. Let’s say something costs $10 and you earn $100 a day. Then inflation comes around and it’s now $13, but your wage is $110 now. You can use the “inflation adjusted” values to argue that it’s always been $13 in today’s money. But it’s not longer 10% of your income. Inflation adjusted values only work when wages also go up and down with the same rate, which is obviously not true and the crux of the issue.
Your using “inflation adjusted” which imo does not work.
Let’s say something costs $10 and you earn $100 a day. Then inflation comes around and it’s now $13, but your wage is $110 now.
You can use the “inflation adjusted” values to argue that it’s always been $13 in today’s money. But it’s not longer 10% of your income.
Inflation adjusted values only work when wages also go up and down with the same rate, which is obviously not true and the crux of the issue.