Comment on I'm not asking to be rich.

• iopq@lemmy.world ⁨10⁩ ⁨months⁩ ago

  Real means it has, considering $40 in 1960 would be worth $400 today if it hasn’t been adjusted for inflation we’d be making four times less money so that doesn’t make sense

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  • FlyingSquid@lemmy.world ⁨10⁩ ⁨months⁩ ago

    Great. Now explain how a single income working a low-wage job in 1960 could afford an entire house and now someone like that can’t even afford to rent without multiple roommates. Because wages haven’t stagnated, right?

    Oh, and here’s a shit ton of evidence that you’re wrong. Note that organization isn’t a bank or a right-wing think tank like the ones you’ve provided, i.e. they have no skin in the game.

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    • iopq@lemmy.world ⁨10⁩ ⁨months⁩ ago

      If they could, why didn’t they? Home ownership was just the same back then as now

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      • FlyingSquid@lemmy.world ⁨10⁩ ⁨months⁩ ago

        Uh… they did. Are you really not aware of who was able to buy a home then compared to now?

        …businessinsider.com/…/housing-market-home-prices…

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