this post was submitted on 26 Apr 2025
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No problem, as salaries also trippled in that time
Tap for spoiler
/sMaybe not tripled, but making 7.25-10/hour was pretty common in 2008. The standard today is 15-20/hour at fast food.
I'm aware this doesn't justify tripling the price. Even 3x wages would not triple the cost of the burger.
Yet $7.25 is still the federal minimum wage today
Yea pretty fucked up.
They created like 40% more money supply in the span of a single year. It then rises at about 10% a year on average, due to a CPI that does adjustments at the whims of some entity whose goal seems to be to understate inflation.