alt Hacker NewsWhere do you live where you need to make $500k and above to live in the US? Silicon Valley?
If so, that’s definitely the exception rather than the rule.
> Because $1m is worth less today than it was 40 years ago.
And? $1 is also worth less than it was 40 years ago. You also make more than the same person would doing the same thing 40 years ago, so that’s not a useful comparison. If you want to make statements about standards of living, you need to use the same measuring stick. You can use inflation adjusted values to do so.
> Where do you live where you need to make $500k and above to live in the US? Silicon Valley?
I live in reality.
> If so, that’s definitely the exception rather than the rule.
Ask anyone in a HCOL area in the US and it is hardly an "exception".
> And? $1 is also worth less than it was 40 years ago. You also make more than the same person would doing the same thing 40 years ago, so that’s not a useful comparison. If you want to make statements about standards of living, you need to use the same measuring stick. You can use inflation adjusted values to do so.
That depends on the occupation. You also didn't make any point and just casually accepted getting scammed on the debasement of your own fiat currency.