this post was submitted on 11 Feb 2024
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submitted 7 months ago by wheresmysurplusvalue@hexbear.net to c/memes@hexbear.net
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[–] BodyBySisyphus@hexbear.net 23 points 7 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:

[–] edge@hexbear.net 5 points 7 months ago* (last edited 7 months ago) (1 children)

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?

[–] redtea@lemmygrad.ml 4 points 7 months ago

Does it show monopoly pricing, as well, maybe?