The End Is Nigh ... or something
Feb. 20th, 2015 03:12 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
agoodwinsmithI just had a what-I-don't-even moment. I just paid $2.10 for a candy that was $0.10 the whole time I was age 2 to 18 (I don't remember being given a dime to buy it before age 2). So on the one hand, wow, 21 times more expensive, yikes and stuff. On the other hand, at the earlier part of that time, my Dad was supporting a family on $5000.00 a year. Which means that same job should now be paid $105,000.00 a year. I don't think so. When I was 15, minimum wage was $1.50, so it should now be $31.50 per hour. Har de har har.
Aside from cane shaking, I am thinking of this in context of admonishments to invest rather than just bank one's savings. From the above, I am not sure that, even if investing is 4 or 5 times more lucrative than banking, it will be enough to keep up the purchasing power.
Moral of the story: I *knew* it - I should have bought more smarties when I was a kid. :)
Aside from cane shaking, I am thinking of this in context of admonishments to invest rather than just bank one's savings. From the above, I am not sure that, even if investing is 4 or 5 times more lucrative than banking, it will be enough to keep up the purchasing power.
Moral of the story: I *knew* it - I should have bought more smarties when I was a kid. :)
