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
Yes, you made a good point here. I do see those that talks about the inflation but they never consider the point you have just made here now. The wages increased and that’s the truth. If you check how much those people then we’re making for the same jobs that we have today, you will see that the amount they are being paid is also small compared to what we are being today.
Imagine that you’re a cleaner, you might be getting paid 10k today, but if you check back in those days it’s possible that the people doing same work are being paid around 1k or less. And I think life then is similar to life we have now, and they were also complaining, it’s not like everyone was living huge.