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by dakrootie 3394 days ago
Everything?

True, some prices have risen. But, if I may, here are some fun equations to ponder.

1996 (Florida)

Minimum wage $4.25 Gallon of milk $2.73 Gallon of gas $1.26 Dozen eggs $1.31

2017 Minimum wage $8.10 Gallon of milk $3.31 Gallon of gas $2.41(was almost $4.00, if I remember correctly a few years ago?) Dozen eggs $1.59

1996

Electronics (to do work, using one's natural talents, for example) Expensive.

2017 Electronics: Much cheaper. Adjusting for inflation: much, much cheaper.

Of course, with electronics, there are too many intricacies to list, but here's a specific one. I bought a 512MB compact flash card in 2001, which set me back $249. I think the last one I bought was 2 years ago, or so. It was $60 for 16 GB. I make my living taking pictures. What would 16 GB worth of pictures have cost me in 2001?

I'm happy with these numbers. Simply put, let's think very carefully before using absolutes.

1 comments

Since you've cherry picked your data to support an observation of no inflation, do you also support not increasing the minimum wage?
There is acknowledgement of inflation in every one of my examples, save certain electronics. I have no idea how to answer this question as I didn't deny prices increased.