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by MagnumOpus 1205 days ago
I did that. BLS CPI components which don't change much are available from 1988, some of them even longer.

In the 35 years since 1988:

- dairy has gotten 20% cheaper in terms of wages

- bakery/cereal products have stayed roughly flat vs wages (cheaper since the 90s but more expensive since the 70s)

- fruit/veg products have gotten 5% cheaper in terms of wages (though the same level as in the late 70s/early 80s)

- rice/pasta/cornmeal has gotten 15% cheaper in terms of wages

Caveat: Over time frames this long, average hourly wages don't mean like for like hourly wages for the same job... the number of low-paid "deliveroo driver/amazon delivery guy" low paid part time jobs has increased, pushing averages down. (I.e. things have gotten more expensive as measured by minimum wages, but things have gotten much cheaper as measured by the wages of a skilled professional.)

1 comments

I ran the numbers average wages/big mac index. And it was showing a decrease in cost untill about 2000 but ever since then the cost of the big mac index has increased in the US, relative to average wages. Not that we should be eating big macs, but it's supposed to take a variety of inputs into account.