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bib mag (hexbear.net)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 21 points 9 months ago (1 children)

I think Red_Sunshine is referring to both compared to the CPI. Since 1980 the CPI has risen 355%, while the minimum wage has risen 233% and the big mac has risen 1600%. So the price of a big mac has outpaced CPI by a factor of nearly 5 while wages have underpaced by factor 0.66.

For visual learners:

[–] [email protected] 5 points 9 months ago* (last edited 9 months ago)

Damn, I would have expected it to be something that stuck close to the average inflation of all consumer products (CPI, I guess). Like that graph would be completely expected if we were talking about housing, but not a burger.

What’s a product that has stuck close to CPI?