"Inflation is deflation in wages. It means your *real* wages are going down.

"In 1933, at the height of the Great Depression, the average wage in the U.S. was $4,000. That average wage, today in the U.S., would have to be $95,000 to be inflation-adjusted. If you look around, the average wage in the U.S. today is *not* $95,000.

"It means that most people's wages have *not* kept up to the wages during the Great Depression.

– nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe

hJeff://youtu.be/AZkzTvZOvco&t=710