[jgeada]

Inflation has made prices higher, but people's purchasing power has been decreasing all this time. Salaries, benefits etc have all not been keeping up with inflation for decades. It is why young people are marrying later, not able to afford to buy property etc. All the gains the economy has made over the past handful of decades have been captured by a small percentage of the population.

[ahepp]

> Salaries, benefits etc have all not been keeping up with inflation for decades

I don't believe that's consistent with the data

https://fred.stlouisfed.org/series/MEHOINUSA672N