1948
- average income of $3,200 per year
- a house $11,900
- a movie ticket $0,40
2023
- average income in $32,000 per year
- a house $420,000
- a movie ticket $10
Back then you worked 4 years to buy a house, now almost 13 years.
Discussion
How many bitcoin does it cost?
Actually we need to consider expenses so it is pretty much 370 years or more to buy a shelter on the beach
True
Its sad 😪
Convert those to 3rd world fiat currencies like Philippines Pesos perhaps?
We also need #Bitcoin Literacy...not all Asians is #CHINA.
Can’t get a sub-500 sq/ft studio apartment in NYC for $420k
Movie tickets also over $16.50 now
Wtf
Human labor/time is worth less because of technology? Or we do comparatively less work? Both or something else entirely?
It’s even more pronounced in the 1920s. Look at the architecture too. Beautiful cities. Except antibiotics which extended the lifespan it was probably the pinnacle of civilization. https://www.mclib.info/Research/Local-History-Genealogy/Historic-Prices/Historic-Prices-1927
Bitcoin fixes this. 😋
?cid=2154d3d7d8a86c566ccd3e537bc79e71c744336a08052b63&rid=giphy.gif&ct=g
And it will only get worse.