this post was submitted on 04 Feb 2024
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A Boring Dystopia
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This seems like a good place to post this reminder that in the last 50 years income has lost to inflation by 137 points. That's decades of prices rising faster than wages. It's not rocket science. They walked away with all of the productivity gains, and gave the entire country a pay cut at the same time. You want a boring dystopia? How about stealing your paycheck a couple percentage points a year until suddenly we realize we can't afford to live without 3 full time incomes in one household.
What's a point?
One percent relative what the market was at the starting point.
The market today is 237 % of starting point (probably 1990).