ExploreTrendingAnalytics
Nostr Archives
ExploreTrendingAnalytics
Jerome Powell 21iQ 40TPW24d ago
I think the most interesting is US wages. Imagine 1.2oz gold being minimum wage again.. To me this shows why we went from a single average income being able to support an entire household, to where we are today. Wages keep increasing, while real wages decline. Even "real wages" is a misnomer. It subtracts CPI, which is ~40% "estimated" prices and makes "hedonic adjustments" saying that your average $40k car is cheaper than your average $25k car 10 years ago because it's "better." Real wages should subtract the increase in M2 money supply aka monetary debasement. You can chart things against M2 on platforms like TradingView and see what I'm talking about.. https://pricedingold.com/us-wages/
💬 0 replies

Thread context

Root: 0d5b1d9797a3…

Replying to: 9cea5530b896…

Replies (0)

No replies yet.