Comment on The fine art of negotiation
Dagwood222@lemm.ee 10 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 10 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 10 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