It's very hard to tell because, amongst other things, a person's consumption bundle shifts towards the more expensive things as they age and their earnings increase.

I'm sympathetic to the idea, though, that an average wage buys more shit now than it used to.

econ

Rethinking the Cost of Living with Mark Perry’s “Chart of the Century”

denlillaapan

It's very hard to tell because, amongst other things, a person's consumption bundle shifts towards the more expensive things as they age and their earnings increase.

I'm sympathetic to the idea, though, that an average wage buys more shit now than it used to.