• Dagwood222@lemm.ee
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    18 days ago

    The inflation in luxury goods is staggering. High school kids used to be able to afford concert tickets, football games, and Broadway plays. That Phantom was a year’s salary for a school teacher; now the most expensive cars are twenty year’s salary. It’s not that the products are so much better; there’s a larger pool of very wealthy people. In 1960, if a man’s wife had a job they were considered ‘poor.’ Today, even professionals need two salaries to keep up with the Joneses