Is $500 too much?

[theRepublic]

supermario128 said:

BasilZero said:

;o....are you saying...I AM WRONG!?

No, I'm just saying $200 back then was worth a lot more than $200 today. :P

 

snyps said:

if you're wages stayed the same like it did for the majority then inflation is irrelevent imo..  You can only afford what you can afford.

Minimum wage was $3.80 in 1990. It is $7.25 today. The relative value is still similar, but wages have increased. They will always have to increase as prices increase...

If we are talking the US, wages are pretty much flat or down since 1970 adjusting for inflation.

http://economix.blogs.nytimes.com/2012/10/22/the-uncomfortable-truth-about-american-wages/

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/07/31/wages-arent-stagnating-theyre-plummeting/