MilSpecs wrote:Well I would never complain about my circumstances since no matter what I’m always doing better than I started, but I see people in very different positions everyday. Cutting out every little luxury they have wouldn’t help. I spoke to a 70yo today who is still working full time and is drowning in medical bills. He’s a skilled worker. The company just doesn’t care about skills. They would hire an illiterate if they could get away with it.
Sure ... we’re not bankrupt proof. You know what folks did before drowning in medical bills?
They died.
Now we can prolong life through really expensive medical procedures or costly medicine, and you don’t die. But you won’t own two cars. Still a better deal.
The metrics used to measure the purchasing power of the dollar over time are slanted to make the dollar appear to be constantly losing value. Think about it, it’s been losing value your whole life compared to “a decade ago”, right? And you’ve lived many decades. Your parents lived many decades. The dollar is still here. Decade after decade after decade of supposedly losing purchasing power, and it still ain’t Rwandan money. Why, it beggars belief. But actually - the metric is skewed.
The other thing never taken into account is falling prices. Sure, your government subsidized agricultural goods aren’t going any lower - your taxes ensure that’s a given. But you probably couldn’t afford a broadcast quality camcorder when they first hit the market. Ten years later you could probably buy one a month if you wanted to - ohhhh but the dollar is always in decline, right? Most of us couldn’t afford smartphones the year they came out. Fast forward ten years - who doesn’t have one? Ohhhh but that ever-falling dollar.
Sometimes you have to disregard the narrative being peddled by socialists. On economic matters, this is almost always the case.
Wages are fine. Dollar is fine. Metrics are slanted to make you believe something is true, but if you step back and really look at it - it’s not true.
