Submitted by hearsdemons t3_11dsudk in Showerthoughts
Comments
Thenyn-Vorgha t1_jaamiau wrote
By that math, 25 would be the new 5.
zoolakejeff t1_jaaohca wrote
It's not a math thing that you can just multiple. It's more of what a low price is considered.
DDDlokki t1_jaap8mn wrote
And I thought he's talking about inflation
HiddenCity t1_jacto47 wrote
I measure in sandwiches. A $6 sandwich 10 years ago is $15-$20 today.
Edit: maybe 15 years.
Also when I was a little boy in the 90s school lunch cost $1.50.
got_lukky t1_jad185f wrote
In 2013 you couldn’t buy a $6 sandwich worth having
HiddenCity t1_jad1b5y wrote
15 years then.
got_lukky t1_jad1kvl wrote
Lol, it’s just weird that we say 10 years right now and we feel like it’s early 00’s. Or at least I do. Really 10 years is the new 20 years rn. The 00’s are as close to the 80’s as we are to the 00’s
HiddenCity t1_jad1q06 wrote
I think we are just getting old... mixed with the covid timewarp blackhole
Rapture1119 t1_jadw86v wrote
Yeah dude that covid timewarp really fucked me up. It was not a joke lol. Like I could be fully convinced that we spilled over into another timeline at some point during covid cause that’s the only thing that explains why my sense of time is SO FUCKED UP now 😂😂
ShinaiYukona t1_jaejv37 wrote
Subway still had their $5 footlongs at some locations back then. Not that you're wrong or anything, just 2013 is a lot better than 2016 where every location had stopped selling them altogether.
got_lukky t1_jaelxbx wrote
True facts. I didn’t realize how bad it had got, but they be expensive these days
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Croceyes2 t1_jad1nr7 wrote
Yep, and $100 is definitely the new $20
Reefer-eyed_Beans t1_jadt6ke wrote
I got $25 on it
Dontsleeponlilyachty t1_jaaz4mq wrote
This. I remember 1.25lb loafs of wheat bread going for $1.99 less than 8 years ago. I bought a bread maker to save money since that same loaf is now $5.00, but after calculating the cost of individual ingredients, I spend almost $1.80 to make a 1lb loaf of wheat bread. It's obscene!
HolyVeggie t1_jacyvwg wrote
You have to remember that the huge companies produce bread in much bigger amounts which means it obviously has to be more expensive! /s
CheezDanishAnusSmell t1_jabah4i wrote
I think we’re past both of those. For me, it’s like 20 is the new 10. When I used to sneak into strip clubs in the 90s, lap dances were $5. By the time I turned 21 or 22, they were $10. Six or seven years ago, they were $20. I wonder what they are now.
sun_of_a_glitch t1_jabk84r wrote
Jeez, fresh out of basic in early 00's, they were 40. Outside Charleston
Guildenpants t1_jabutcq wrote
Still 20 usually, believe it or not
z57 t1_jabynhv wrote
Flaccid wage growth in all sectors
ravenous_fringe t1_jaamrvv wrote
Timeline is everything.
qzlr t1_jabn21h wrote
What is this r/WallStreetBets?
got_lukky t1_jad156j wrote
Yeah, that’s a 500% increase vs a 200% increase
shogunhitotiri t1_jaasla7 wrote
But I don't make enough money to spend it like it's five dollars.
pantstoaknifefight2 t1_jaauvgg wrote
I make enough money these days, but I was at the store and thought about getting a ginger and lemon kombucha, which used to be $3.50 and is now, a few months later, $4.00-- I thought to myself, welp, I guess I'll never drink another kombucha for the rest of my life.
pearlsbeforedogs t1_jab74d4 wrote
That just means it's time to invest in a new hobby and buy all the equipment, ingredients, and miscellaneous crap required to make it! At the very least, after looking into the process and price of that, $4 either won't seem like so much, or you'll have a new and interesting hobby. Either way, time successfully wasted.
pantstoaknifefight2 t1_jab8aeg wrote
I like where you're going with that, but I've seen videos on that weird fermenting thing in kombucha that looks like afterbirth/placenta and noooooo thank you!
pearlsbeforedogs t1_jab8x1y wrote
Hahaha!! Yes, I had an ex that was into making stuff. He successfully brewed a couple of batches of beer and then wanted to get into kombucha. The yeast patties are certainly... interesting. (I have also forgotten the name and am too lazy to go look it up at this point. I know they call them mothers sometimes.)
tarmac-- t1_jad2omk wrote
Scobie. I'm not sure how it's spelled though.
pearlsbeforedogs t1_jad30d6 wrote
That's either definitely it or close enough!
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rudolf2424 t1_jabwpv1 wrote
I know back in the day where making 3k+ a month here in germany was a good wage wich could u get a house and could probably let your wife stay at home. Im now making 4k+ a month and it feels like a scratching the poverty line
ForceOfAHorse t1_jabztka wrote
Over last 3 years I went up from earning 7k to 13k (my local currency) and I feel like I can afford less than 3 years ago.
Nano1704 t1_jacwy8y wrote
Where do you live more specifically? Last time I talked with someone I know that lives in Germany they said that it hasn't changed that much and that 2,5k/3,5k is a livable wage
GovernorPorter t1_jab6ia9 wrote
$50 is also the new $20. Who wants to be a millionnairre? Anything less than 5-10m won't work for early retirement and extravagance these days.
runslikewind t1_jabk8ak wrote
id say 20 is the new 5. but then again without knowing how old you are we would have different perspectives.
Spaceboot1 t1_jac3e3m wrote
I looked up inflation rates according to the Bank of Canada. Looks like $5 in 1990 is worth $10 now. So yes, if you were alive and spending money 33 years ago, in Canada, this shower thought is correct.
Me, in 1990, I was buying five-cent candies and baseball cards.
raff7 t1_jac5ro8 wrote
For the us it would be 1994…
I think people overestimate how much inflation we had the last couple of years, and think prices doubled in a few years.. they didn’t.. they doubled in 30 years.. which is not unusual
zombieedd t1_jacd6tz wrote
Okay hear me out and I know this will make me sound old but 5 buck for gas used to damn near fill a tank...so with that logic I would something closer to 40-50 buck is the new 5
jbot747 t1_jact9ol wrote
You want to know what inflation real looks like with respect to wages, use the Social Security Wage Base (SSWB) historical data-
https://en.wikipedia.org/wiki/Social_Security_Wage_Base
160k is the new sign figures...
Dragonfly452 t1_jad1u05 wrote
I’d say $20 is the new $5
I was a kid in the 90s and well… 20 back then went a lot further
Showerthoughts_Mod t1_jaakygh wrote
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raff7 t1_jac5n3x wrote
If you compare it to 1994, sure..
$5 now are worth as $10 in 1994…
Striking-Macaron3303 t1_jacdp9z wrote
And you could work six months to a year in a decent factory and pretty much buy a new vehicle and a home.
raff7 t1_jacedz4 wrote
Not really.. a median income for a family in the us was about 30k a year, a house costed on average 120k
In 2023 the median wage per family is close to 60k, with a median house price at 400k
Sure, housing price increased faster than a salary, but o, you could not work six months to a year in a factory and afford a house.. not even close
lookinforbobo t1_jaddqr3 wrote
And interest rates were over 8%
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zoolakejeff t1_jaam2rz wrote
I would say 5 dollars is the new 1 dollar more than 10 being the new 5.