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It used to be that a million dollars was wow money at one point. Now though, with the way prices are going, a million dollars is the new 200,000. When you look at houses now vs the 70s, those house prices are NEVER going to go back down to those 70s value ever, no matter how much the housing market craters. Same with most commodity prices, they are still up there, but instead of rising at 12% inflation rates or more, the inflation itself has gone from 12 to 5%, but the prices are still going up. Its like people cheering gas has gone from 3.50 to 3.55 instead of going to 3.75, its still going up, just not as fast as before

It used to be that a million dollars was wow money at one point. Now though, with the way prices are going, a million dollars is the new 200,000. When you look at houses now vs the 70s, those house prices are NEVER going to go back down to those 70s value ever, no matter how much the housing market craters. Same with most commodity prices, they are still up there, but instead of rising at 12% inflation rates or more, the inflation itself has gone from 12 to 5%, but the prices are still going up. Its like people cheering gas has gone from 3.50 to 3.55 instead of going to 3.75, its still going up, just not as fast as before

(post is archived)

[–] • 5 pts

$15.00/hr to put fries in a bag is actually equal to the 1.65/hr in 1965.

[–] • 1 pt

15? I just drove by a sign at 18 near me

[–] • 2 pts

We know the 'price' of everything, but the value of nothing.

[–] • 1 pt

Is this satire? Or are you just economically illiterate?

[–] • 0 pt

A million will still pay off all my family's debt and buy very nice new toys.

[–] • 0 pt

It means nothing and yet most people couldn't hope to make it, even considering employer payroll taxes and benefits, over the next decade.

[–] • 0 pt

1 million dollars never meant anything before either. The banks didn't consider you rich until your value was over 10 million dollars. Even at that amount, you are still poor to them, they are just nicer about it.

[–] • 0 pt

If that is true, then you can send me $1000, no problem