By the way, Marx literally predicted wages stagnating even as production increases. I’ve also added some other benchmarks to help gauge where earners would stand given how much they currently earn.

25k in 2020-> 57k

35k in 2020-> 80k

45k in 2020-> 103k

50k in 2020-> 108k

75k in 2020-> 172k

100k in 2020-> 229k

  • Papanurgel [none/use name]
    ·
    4 years ago

    Economics is straight up made up. It's very new also

    Also keep in mind the boomers in general are pretty dumb.

    My dad finally told me how much my grandpa used to make. And how hard it must of been for him to feed his family of 6. I plugged the number into an inflation calculator and my grandpa was making 150k in today's money. My dad who is into economics and stocks never thought about inflation. He still talks about his 3$ an hour job from the late 70s and how little it was.

    Moral of the story. Most old people are dumb.