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@BohoBabe 35 a year is fast food wages right now.

@HoeBag it really is

@HoeBag That's the point, BUCKO.

@crownedwithlaurel97 You would think, "Okay, wages go up but so do prices so it evens out, right?"

To some extent as long as inflation does not outpace wages.

What it DOES do though is any money you have saved and in some cases invested, that depreciates. That dollar you been saving is now worth only 50 cents.

@BohoBabe Bucko? 😄
Hey, I am an "old people" who remembers when 35 a year was a fairly decent middle class income and it wasn't even that long ago.

@HoeBag People constantly get mistaken about what is inflation. Higher prices, higher wages, don't always translate into Inflation. The Economics 101 definition is "Too many dollars chasing too few goods." Inflation is basically a glitch in the value of a national currency. In America, there is a numbered "Money supply." Some economists call it M1. Artificially increase that money supply without a corresponding increase in the actual market and you get inflation. It's the Supply/Demand thing. If there is a lot of an item but not a lot of demand, the price of that item will generally be lower. Inflation is just the opposite. Low supply of goods and a market flooded with dollars.