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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (66037)	10/23/2021 12:19:06 PM
From: Real Man	2 Recommendations Recommended By marcher pak73 Respond to of 71406

Probably not, but healthcare was considerably cheaper, and shitty jobs less shitty.

To: arun gera who wrote (66037)	10/23/2021 5:04:58 PM
From: marcher	1 Recommendation Recommended By maceng2 Respond to of 71406

ok, let's run some numbers/estimates: shitty job = minimum wage... minimum wage for 1971 = $1.60/hr or ~$3,000/year minimum wage for 2020 = $7.25/hr or ~$14,000/year wage increase from 1971>2021= 466% increase dol.gov dollar value change from 1971 to 2021... $3000 wages in 1971 = $20,000 value in 2021 per inflation (shitty wages got shittier by $6,000) inflation from 1971>2021 = 566% increase in2013dollars.com $1000 of medical care in 1971 = $16,000 of medical care in 2021 (1500% increase) officialdata.org so, say a 1971 shitty job person paid $1,000 for a medical service, the cost would be 33% of the annual wage. a 2021 shitty job person would pay $16,000 for similar medical service, but the cost would be 80% annual wage. truly a shitty deal. as for 'health insurance 50 years ago', health insurance has changed a great deal over that 50 year period. health insurance sector 'progression' to deductibles and copays, along with their interference in medical decision-making reduces the value of health insurance, imo. seems like a 'data-driven' profit game to me. bwdik history of employer-provided health insurance, p.6: bls.gov