293
you are viewing a single comment's thread
view the rest of the comments
[-] gaw@lemmy.cafe 11 points 1 year ago

You know what I'll be just take them grocery shopping at a supermarket and show them that for X amount of money you'll get less items.

[-] SCB@lemmy.world 5 points 1 year ago* (last edited 1 year ago)

That doesn't have much meaning once you explain inflation as a concept.

They'd already know about the basics since fiat currency existed long before the US.

[-] LeFantome@programming.dev 3 points 1 year ago* (last edited 1 year ago)

The concept was known but far fewer people had been exposed to those ideas and thought in those terms. That you think it is so obvious or that math as complex as geometric compounding is so obvious to you would be the actual big reveal.

On prices, the really interesting thing is not that prices are higher but that what things are expensive and what thing are cheap has radically changed. Basic food and clothing is dramatically more affordable. Anything involving human craftsmanship is much more expensive. What os available for sale would absolutely boggle the mind. Not only did a huge amount of it not exist in the past but, only a long could even contemplate buying most of what did exist—at any price. Food is a great example. Empires rose and fell pursuing or exploiting the riches of fruit and spices I can buy for the change in my pocket from any of a half dozen merchants within a couple miles of me competing for the privilege.

The fact that I can buy anything not only by waiting a piece of plastic at time but also the magic brick in my pocket ( phone ) might intrigue them as well. Basically, not matter what wonder you go to show, the real magic might be something so basic to our everyday that you did not even consider that it was required for the thing you are trying to show.

[-] ComradeSalad@lemmygrad.ml 1 points 1 year ago

“Wait, so you guys are getting paid close to 20 times less then I was when adjusted for inflation???”

this post was submitted on 21 Jul 2023
293 points (96.5% liked)

Ask Lemmy

27036 readers
732 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion@lemmy.world


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 1 year ago
MODERATORS