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A comment on When Henry Ford Doubled His Minimum Wage (2014). Parent comment

Re:When Henry Ford Doubled His Minimum Wage (2014) by bmmayer1 on Thursday May 02, 2019 @08:08AM (#19806956)
That's a good point, and also speaks to the futility of trying to define wealth in dollar terms, even when adjusting for inflation. An inflation-adjusted dollar in 2019 buys more than an inflation-adjusted dollar in 2000, even (iPhones alone!)
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Re:When Henry Ford Doubled His Minimum Wage (2014) by paulddraper on Thursday May 02, 2019 @07:06PM (#19813837)
> An inflation-adjusted dollar in 2019 buys more than an inflation-adjusted dollar in 2000, even

Depends. Does it buy more concrete? Does it buy more rocket ships? Does it buy more childcare? Does it buy more iPhones?

Just depends on what you're talking about.

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