Quote:
Originally Posted by MarchHare
I certainly don't. You can't make a direct apples-to-apples comparison of dollar values between different years because you have to factor in inflation.
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Well I am just not as brilliant as you are.
Just kidding. I was talking about my emotional reaction.
In any case, I'm not sure whether you would compare billionaires now with millionaires then or whatever---I guess what I'm trying to ask is, are there more "wealthy" folks percntage-wise now, or were there more back then?
One of my relatives was in the forbes 500 in the 60s. That was when meat=packing was still one of the biggest money makers.
He wouldn't even make it to the forbes 5 million now.
So, adjusted for economic variables are there more with more now, or fewer with even more now . I've read that there are so many new millionaires made every year, but with inflation it's obviously not as thrilling as it once was.
Oh yeah- my big IBM job in the 80s paid 5.31 hr