Quote from: Captain-Cryptory on June 30, 2020, 07:42:12 AM

Quote from: deisik on June 22, 2020, 07:49:29 PM

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

Agree, and they getting richer not only because of their increasing wages but due to their acquired (for their salary) possessions and services which they could not afford before. Even the same Bitcoin they get for bucks being paid to them. Welfare of U.S. citizens , on average, is steadily increasing and, largely speaking, that is true.

Exactly, if we look at any us walfare annual chart we'll see how much it grows over the years
surely it grows more than depreciation