• Cataphract@lemmy.ml
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    3 months ago

    with context, that’s a 2800% increase in 80 years, a 35% increase per year average. 15 years = 525% increase lost, final value would be 45 per hour. I have no idea if this is right and don’t condone this math for any reference.

    • Firefly7@lemmy.blahaj.zone
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      3 months ago

      The math is not right. Percentages don’t multiply like that.

      A change from 0.25 to 7.25 over 71 years means an annual increase of about 5%. That 5% annual change, starting with $7.25 15 years ago, would take us to around $15 today.