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RE: What Would You Do If You Didn't Need To Work?

in LeoFinance2 months ago

We actually started to work drastically more the last 50 yrs. You need in many countries 2 incomes as a couple to life decent..

I see this slowly changing

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That's more the result of devalued money. People work longer and harder for less money than they did in the past. Inflation. It would be nice to see this trend start to reverse.

Money devalues but that has nothing to do with your hourly wages.
The wages devalued because society doubled the Labour force

That isnt true. The US actually has gone the opposite direction the last 40 years. It has seen a deflationary supercycle.

You look at the number of hours required to work for particular things such as food, shelter, etc...it has gone down.

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Yeah, I guess I meant the dollar buys less. We earn more but can buy less.

Once again, that is exactly true either.

Consider how much more you get today in terms of software, music, video, and communication compared to years ago.

How many roadmaps have you bought recently? Do you pay for long distance phone service? Commodity prices have been dropping for more than a decade.

The idea that the dollar is buying a lot less is a fallacy that people espouse wihtout actually looking at the data.

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That's a good point. I know I get a lot less food in my grocery cart though (don't mean to meme), rent is higher for same sq footage, automobile prices are much higher.

How many roadmaps have you bought recently? Do you pay for long distance phone service?

A lot of things definitely are cheaper or outdated too. Not to mention cheap imported goods. That's true on many levels.

I still think we work harder for less bang for our buck. I suppose it averages out on many levels though.

I know I get a lot less food in my grocery cart though

Yes because we tend to load our carts with junk that is high margin for the food companies. Look at the price of grains and other commodities and you see that are not going up.

rent is higher for same sq footage

Depends upon the area. In the major cities right now, it is plummeting. So that cycle might be reversing.

automobile prices are much higher

To try and compare a car now to one even 20 years ago is misguided. They are not even the same. Did the older cars have back up cameras, auto lane changers, or phone connectivity? Also, it was not too many decades back that a car was basically dead at 125K miles.

So people truly do not look at things, instead just embracing the mantra of what is espoused.

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So people truly do not look at things, instead just embracing the mantra of what is espoused.

Honestly that's not the case here. I pretty much by the same foods. I rarely shop in the middle aisles, and rarely by processed products. Milk, eggs, fresh veg all on the pricier side these days. What used to cost me $50 for the week easily costs me almost twice as much now.

Rent is lower in the city because of the plandemic and a lot of people no longer commuting to work or wanting to live in heavily populated areas.

Gas has come down considerably but looks like they're fixing that again 🤣 I suspect we'll be back to $4 gallon gas prices soon enough.

I get you're point, but I'll agree to disagree. Regardless, that's why I crypto and invest. Another reason you're seeing big companies add crypto to the balance sheet.

As our thirst for consumerism grew, we had to pay for all of it. So when we went from 1,400 sq foot homes to 2,300 on average, more money is required.

The same is true for financing a new car every 5 years, getting a new smart television every could, upgrading out IPhones, etc...

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Also all true. (2nd hand VW golf, 35m2 apartment in Poland don't finance anything)