Thread 512431012

According to ChatGPT making $1 an hour in 1960 is equivalent to making $96 an hour today.


How did the boomers fuck up the economy THIS MUCH?

>>512431012 (OP)
>boomers
Anon, the Fed was created way before them.

>>512431012 (OP)
>According to ChatGPT
Posting this unironically should be a 6-month rangeban

>>512431012 (OP)
They made the average new house size balloon from 900 square feet to 2600 square feet. Then they decreed that these large homes are the only form of development allowed to be built. Real estate has always been a speculative racket in America.

>>512431119
>I asked AI and it said-
That's when you walk away.

>>512431119
this

>>512431012 (OP)
Kikes and corporations. Mostly kikes and boomers being childish fucktards that refused reality.

>>512431012 (OP)
Making $1/hr in 1960 would be equivalent to about $11/hr today

>>512431533
but inflation calculators are busted due to the boskin commission changing how inflation was defined in the 90s.

https://en.wikipedia.org/wiki/Boskin_Commission

>>512431533
the trick is they are then adding housing cost inflation on top of that. the problem is that the year chosen - 1960 - is at the end of a decade-long housing construction boom which is why the prices were as low as they were.

it's simpler to say that a person needs to make $200k/year in the united states now to have the quality of life of a middle-class family in 1960.

>>512431012 (OP)
>How did the boomers fuck up the economy THIS MUCH?

>>512431727
>but inflation calculators are busted due to the boskin commission changing how inflation was defined in the 90s.
and again, and again, and again much more recently.

OK ask it hoe many people been born in the USA vs world world since 1960. The world has been overpopulated since 1860 desu senpai, it's not one man's (or his admin's) fault like op says

>>512431533
Four 1960 quarters are worth $25 today.

This fuckin book was written in 1760 pull your cum brained head outta your candyass OP

>>512431012 (OP)
It's more like $25 / hour. A Boomer that I rang up at work told his son that back in the late 50's, candy bars were 5 or 10 cents each. Now they are like $1.90 - $2.80 and they are smaller. Minimum wage in 1960 was $1 / hour.