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knieveltech | 7 years ago

Average income hasn't even kept pace with inflation since the 70's, go take a look at a graph of income inequality over time if you're curious where all those productivity gains went, you prove my point regarding no measurable drop in food prices (incidentally a loaf of bread is closer to $2.00 here), and would anyone care to take a crack at the larger criticism, namely total economic collapse of vast swaths of rural America or is "well, actually" over the price of a fucking loaf of bread the best HN can do?

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dexterdog|7 years ago

You're the one that was calling the bread argument invalid and "trivially disprovable." Also, average income has more than kept pace with inflation since the 50s which is the arbitrary starting point that you chose in your first argument, but shifted to the 70s in this counter for some reason. That still doesn't help you as the avg income in 1970 was 10556.03 (39081 in 2017 dollars) and 50321 in 2017. (source https://www.ssa.gov/OACT/COLA/AWI.html)