Comment on The fine art of negotiation
Dagwood222@lemm.ee 5 months agoStop 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
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
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