Comment by jltsiren
12 hours ago
In 1945, US GDP per capita was almost $1600. Using your conversion factors, that would be almost $150k today. The actual number is something like $85k. I don't think Americans are that much poorer today than they were 80 years ago.
You’re starting to get into the theories of how they hide true inflation
1945 is the year 5 AMC (After McDonalds)
i’m american, what’s the price in big macs?
Four myocardial infarctions.
Poe's law strikes again. Is this supposed to be a parody of goldbugs or do you seriously think Americans were that much richer in 1945? Without a wink we don't know
How is GDP per capita a useful measure in the presence of almost-trillionaires?
Depending on which city they sleep in, Bezos or Musk make all local citizens multimillionaires. Per capita. Statistically.
Henry Ford had about 200Billiin adjusted for inflation around that time. Not quite as high as a couple of guys today but not that far off
This is very true. One should look at some select percentiles instead, IMHO.