was just talking about housing… back in 86 my house was 24K, now its 240K. wages have not gone up 10 fold. in stores our groceries are in smaller packages/quantities for more money (adjusted) than they were 30 years ago. i read an article that talked about Roosevelts new deal; it stated the cost in todays money would be about 1T (inflation) but the actual cost to preform the work would be many times higher due to labor/supplies and so fourth which i didnt understand; how we need to pay so much more (even accounting for inflation) than we did decades ago for the same services…
i see it in video game economies as well. WoW or EvE online. as the servers age the value of currency devaluates. it becomes much harder to make a living in both examples.
other than a societal collapse and rebuild is there a fix? a way to go back to a time that currency can buy more, is more evenly distributed?
In: Economics
Loss of buying power isn’t the sign of a “maturing economy”. It’s a sign of an economy that either declines, or that becomes more unequal with the rich grabbing more for themselves.
Inflation is kinda a given. But with all else being equal the wages should increase in the same manner.
Games are different, their economy highly depends on players leaving/starting the game, and how money is distributed.
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