The most prestigious law school admissions discussion board in the world.
|
 |
 
|
the popular perception of money's value changes asymmetrically
Poast new message in this thread
Date: July 3rd, 2016 1:31 AM Author: cobalt alcoholic party of the first part i was watching a rerun of Mary Tyler Moore, and Mary's 1973 salary of $225/week was scoffed at as being a fairly paltry wage. the joke was that Mary couldn't afford to buy a nice gift for someone on her low wage.
but then i looked it up on Inflation Calculator.gov, and the adjusted number is like $225/week in 1973 = $1,300/week in 2016.
that's not exactly a laughable 'office girl' wage that you could build a sitcom joke around nowadays.
the popular perception of the value of $225/$1,300 has changed, but not in a linear way.
in some strange way, 'a hundred bucks' still has the same psychological value that 'a hundred bucks' had in 1973. |
Date: July 3rd, 2016 1:37 AM Author: maroon tantric stead weed whacker This coincides with our descent into 3rd world shithole status. There are serious adult men with engineering degrees and 7" cocks working 50 hours a week who randomly don't even make $1300 a week because, "fuck the American worker" plus ITE.
We're all conditioned to think that small amounts of money are a king's ransom, probably by CorpGovMedia. Like if you make $50k and live like a miser in Omaha you still can't really afford anything. You can afford to pay bills, if you're miserly maybe you can keep paying the bills for a while if you get suddenly canned by global capitalism. And you're right, people think that $100 is a lot of money in certain contexts. Like if you carry $300 in your wallet, people will think you're a criminal/mafioso. Meanwhile, a Mustang was like $1,999 back then. The only reason the working class can drive to work is because 17 year old F-150s are reliable and cost $3995. |
 |
Date: July 4th, 2016 3:45 PM Author: cobalt alcoholic party of the first part all true. there are some strange asymmetries here. (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30850961) |
|
Date: July 4th, 2016 3:47 PM Author: Racy Know-it-all Cruise Ship Doctorate (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30850976) |
|
Date: July 4th, 2016 3:43 PM Author: cobalt alcoholic party of the first part cleaning out my mom's garage, i found a receipt for a basketball that my father bought in 1975. the price? $49.95.
now, "$49.95" seems like exactly the price you might pay for a nice basketball in 2016. it really does. it seems like you would walk into a sporting goods store and $49.95 is *exactly* what you would expect to pay for a decent indoor basketball.
AND YET. when i punched the price into the inflation calculator, I discovered that the inflation adjusted price in 2016 dollars is -- a whopping **$223.27!!!**
how is this possible?
do you see what i mean by the asymmetry here? it's like some things inflate, while others do not. but that doesn't make sense. it's like magic.
it's a sim glitch. |
|
Date: July 4th, 2016 3:47 PM Author: Citrine irradiated partner global capitalism has its upsides. (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30850974) |
|
Date: July 4th, 2016 3:48 PM Author: Racy Know-it-all Cruise Ship Doctorate New video games cost 50-60 bucks in the late 80s and are 40-50 now (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30850981) |
|
Date: July 4th, 2016 3:51 PM Author: Soggy Fantasy-prone Stage yup.
i had a subscription to GamePro for years and i never got over how NeoGeo games were like $150 or whatever.
to this day i've never known a person that owned a NeoGeo. i always wanted to play one so bad. Their versions of Street Fighter and Samurai Showdown looked so fucking badass. |
|
Date: July 4th, 2016 3:54 PM Author: Racy Know-it-all Cruise Ship Doctorate Yeah those systems like neo geo and turbografx may as well have been mythical, never saw them IRL (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30851014) |
|
Date: July 4th, 2016 3:57 PM Author: Citrine irradiated partner same thing, but i've thought about getting one recently. would be pretty 180. (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30851030) |
|
Date: August 3rd, 2025 8:48 PM Author: i gave my cousin head those games were good though (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#49153848) |
|
Date: July 4th, 2016 3:49 PM Author: Soggy Fantasy-prone Stage I feel that way about CD's. (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30850985) |
|
Date: July 4th, 2016 3:53 PM Author: Bossy hunting ground phones cost 700 bucks now. what were they back then (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30851011) |
|
Date: July 4th, 2016 3:54 PM Author: cobalt alcoholic party of the first part $23,427 (http://www.autoadmit.com/thread.php?thread_id=3273330&forum_id=2).#30851013) |
|
Date: July 4th, 2016 3:55 PM Author: Fragrant mental disorder prole The $20 gold coins with about an ounce of gold in them are worth $1,350 now. Is $100 in 1920 worth $6,750 today? You tell me.
http://www.thepeoplehistory.com/20s-homes.html
Most of this asymmetry is due to technology, offshoring and government interference in markets.
Also there is no good way to measure inflation because of this. |