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by davnicwil
2528 days ago
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Yeah, the wealth generation statistic is interesting. I think a related way to think of why amounts of wealth that seem nominally not that extreme by today's standards were extreme hundreds of years ago is that there was much less you could spend that wealth on. People just didn't have the capacity to accumulate nor spend money to buy things and services at the same rates. So viewing money as tokens of value, there was just less 'value' around full stop. So having much less of it still made you relatively extremely wealthy. |
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Also, how much would Darcy pay for an electricity generator, an old CRT television with a PSX and all the PSX games ever made? That makes comparisons in discretionary spending difficult.
But comparing basic spending could be doable. It is, of course, easier to compare such spending for a median person than for an outlier.