| ▲ | tharne 4 hours ago | |
They've cited and linked their sources. What's the issue? | ||
| ▲ | ethanwillis 2 hours ago | parent | next [-] | |
The "issue" is the comparison is much more complex than people may be led to believe. It's not a simple "adjust the dollars to be the same" calculation. There are a lot of assumptions that go into making that calculation. If I tell you that the value of a dollar you hold has gone down or up this year versus last year because of the price fluctuation of an item you never have or never will purchase, such as hermit crabs in New Zealand. Would you believe your dollar is worth more or less? What if the price of a good you do spend your dollars on has an inverse relationship with the price of hermit crabs in New Zealand? Or what if the prices of the items you do buy haven't moved at all? | ||
| ▲ | bpt3 an hour ago | parent | prev [-] | |
The issue is that it doesn't support his preconceived notion that everyone is doing terribly. | ||