A lot of posters on the forum love to come up with figures showing how much the dollar (the American dollar, obviously) has depreciated over time, like 1 dollar in 1913 was worth 1000 dollars today (or whatever), with the general idea being that "the grass was greener and the light brighter back in the day"
However, what these forum members forget to account for is the rise in wages during the same time span. And the irony is that wages in the US have been outperforming inflation since WWII, barring a few rather short periods. It basically means that people become wealthier over years despite a declining dollar
So much for dollar inflation
Let's make something clear . US is a wealthy county , a developed one at that matter. When we are taking about Inflation and wages , we need to look at the developing and the underdeveloped countries where situations are becoming very dire.
We all know how to dispose hazardous chemicals : Neutralize them , set their temperature normal , release them through a filter chamber . But what does these wealthy countries do might surprise you .
They pay the developing countries to throw these wastes in their mountains and forests because they apparently have a lot of it , which causes a lot of biodiversity change.
Due to this unfair inflation , Rich is becoming Richer and Poor is becoming Poorer might be quite true.
It's not just one country we are talking about. Quite the opposite* It's all of them * .
That is why people migrate to those countries for better jobs , better wages , better opportunities and education. Your statement might be true but at the same time you are not even consider *Competition* .
So many Graduates fight for a single job , with the increase in population and resources , education and other exams have made it very tough to get into one. It's not just about one job .
Do you know how many people are jobless let alone in the US?
Millions !!