If you adjust for inflation
Can you please explain what it mean "adjust" here?
the wages of most people haven't gone anywhere for 35 years if you adjust for inflation. most of the economy's gains have gone to the top one percent. ah the problem is labor unions!
Top answer
Suppose that, because of inflation, things now cost three times as much as they did 35 years ago. To make a true comparison between wages now and wages 35 years ago, in terms of what you can actually buy with your money, you need to divide today's wages by three. This is "adjusting for inflation".
- Suppose that, because of inflation, things now cost three times as much as they did 35 years ago.
- To make a true comparison between wages now and wages 35 years ago, in terms of what you can actually buy with your money, you need to divide today's wages by three.
- This is "adjusting for inflation".
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Suppose that, because of inflation, things now cost three times as much as they did 35 years ago. To make a true comparison between wages now and wages 35 years ago, in terms of what you can actually buy with your money, you need to divide today's wages by three. This is "adjusting for inflation".
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