Based on your argument, do you really think someone making minimum wage in 1968 had the same purchasing power as someone making 250k in 2024? This is absurdly false.
Is it, though? Like, let’s sit with this thought for a second. Everyone I’ve asked who was working age during this time says that either our standard of living has stagnated or markedly worsened since the 70s. In fact, my experience with a lot of the boomer generation and listening to them be confused about why millennials were/are so angsty, this makes a lot of sense. You really could do a lot with a minimum wage job back then; pay your own way through college, live independently, own your own car, and still save up for some luxuries like retirement. Idk, man, just basing this off the older folks in my own life, this actually passes the sniff test for me.
Is it, though? Like, let’s sit with this thought for a second. Everyone I’ve asked who was working age during this time says that either our standard of living has stagnated or markedly worsened since the 70s. In fact, my experience with a lot of the boomer generation and listening to them be confused about why millennials were/are so angsty, this makes a lot of sense. You really could do a lot with a minimum wage job back then; pay your own way through college, live independently, own your own car, and still save up for some luxuries like retirement. Idk, man, just basing this off the older folks in my own life, this actually passes the sniff test for me.