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irstupid on 28 July 2014
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Tamron said:
irstupid said:
Tamron said:
irstupid said:
I hate when people bring up inflation.

If I was making $10 an hour back when I bought an N64 and am still making $10 an hour today. The N64 was cheaper. Inflation means nothing. It's all relative to the individuals income.

If you were making $10 in 1996 and are still making $10 an hour at the same job in 2014, you've got bigger issues than how much you're paying for consoles, namely legal ones.

I'm not, heck back in N64 days i was too young to even have a job legally I think.  Pretty sure I was only like 12 or so when it released.

I'm just saying.  There are PLENTY of peope making around $10/hr in this day an age, and there were tons of people making $10/hr back then too.

To those $10/hr people $300 is more expensive than $200.  Inflation means NOTHING.

What someone with their pay grade could afford in 20 hours now takes 30 hours.  (excluding tax takin out of paycheck and tax included in cost of system)

There being $10 an hour jobs now doesnt make a difference to the value of an item, You could argue that in 100 years some people may still be working $10 jobs, but in 100 years the $10 an hour jobs of today would no longer be $10 an hour.

Look at kids on minimum wage, for an accurate example, a kid in 1996 paying for consoles/games on their paper round minimum wage job would be on $4.75 an hour, the average minimum wage for the US at the time.
A kid doing the exact same job, right now in the US would be earning $7.25, with some states increasing that since the federal adjustment in 2009. Kids in Washington, for example, would be on $9.32 minimum wage for the same job.

The reason for this adjustment?, Inflation.

BECAUSE OF INFLATION, $10 now, is not worth as much as $10 in 1996, so even if you're earning $10 and were earning $10 in 1996, you are not spending the same amount, you are spending less, and being paid substantially less than you were in 1996 for the same job.

One of my first jobs was LIfeguarding.  My max pay was like $10/hr.  Could go no higher.

I have younger cousins that lifeguard now at same pool I did 10 years ago.  The most they can make is also $10/hr.  The only thing that changed was that the starting salary was raised cause of the minimum wage increase.  So it took them less years to reach $10/hr.

But that same job is paying $10/hr.  So for the last 10+ years the same job has been paying roughly $10/hr.  You have shown inflation has gone up plenty in those 10 years.  But those lifeguards at the exact same pool are not making a dime more.  

I've found most low end jobs (excluding big companies like walmart, mcdonalds, ect) roughly pay around $10/hr and have been for YEARS.  Minimum wage has not affected that.  All it has done as I said has brought up the starting wage, but the max $10-12 has not changed.  From when I started working to watching my much younger cousins that has been the case.  So for the last as I said 10-15 years the typical pay for the SAME job has been around $10.