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by ChuckMcM
4518 days ago
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The more interesting result is that what was "worth" $1.00 in 1945 is "worth" $13.20 today. Of course a nice family car was $1,500 in 1945, which would be $19,800 today, except you can't buy a nice family car for $19,800 today. Its quite useful to compare things like "how many hours of labor bought you car?" or what percentage of your production went to feeding your family. That is when you start looking at whether or not people are better or worse off than they were in 1945. |
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