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A comment on US Wages Finally Get Back to Where They Were in 1973. Parent comment

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Re:US Wages Finally Get Back to Where They Were in 1973 by Four_Star on Friday April 19, 2019 @11:18AM (#19700278)
It's inflation adjusted wages. As in adjusted for changes in average costs of living. Most people don't spend all their money on TVs. they spend it on food, housing, transportation, clothing and other things that existed in 1973. Furthermore, they adjust the inflation figure to account for changes in the technological utility of things
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Re:US Wages Finally Get Back to Where They Were in 1973 by mikeash on Friday April 19, 2019 @11:57AM (#19700572)
Life is not fundamentally different. Little details are different, but people still buy houses or pay rent, buy cars, buy food, pay for education, pay for entertainment, etc.
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Re:US Wages Finally Get Back to Where They Were in 1973 by Retra on Friday April 19, 2019 @01:36PM (#19701374)
Everything can be "very different" when you ignore all the things that are the same.
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