Comment on The fine art of negotiation

shalafi@lemmy.world ⁨5⁩ ⁨months⁩ ago

• Dagwood222@lemm.ee ⁨5⁩ ⁨months⁩ ago

  Stop looking at those ‘inflation adjustors’ and look at what you could actually buy.

  Average rent per month in Los Angeles in 1990 was under $600.00/month

  Today it’s over $2,000.00

  If he paid her five months rent today, it would be $10,000.00, not $7,000.00

  source

  • Wilzax@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Inflation has affected our country very differently in different locales. Change in cost of living is the real metric for what inflation is trying to quantify

    source

    • Dagwood222@lemm.ee ⁨5⁩ ⁨months⁩ ago

      That’s why I stick with real world examples.

      For example, the minimum wage in 1960 was $1.00/hour. The cost of the average home was $11,000.00

      source