• 0 Posts
  • 14 Comments
Joined 1 year ago
Cake day: June 13th, 2023
  • andMoonsValue@lemmy.worldtoJust Post@lemmy.world•A mildly interesting list of proposed amendments that didn't pass
    1·
    22 days ago

    Not quite. The point I was trying to make was that wages/housing are not necessarily tied inflation i.e. the change in the overall effective value of a dollar. Let’s see if we can try to agree on a few points. The effective value of the dollar is not stagnant. It changes each year. The fed tries to ensure inflation rather than deflation to encourage investing/spending of money. As such, the rate at which more money is minted each year and federal rates are controlled to try to hit a healthy amount of inflation each year. Now, if we were to take the average percent of inflation each year between now and 1933, the value of today’s dollars would be roughly (today’s dollar value)=(1933’s dollar value)×[1 + (average inflation rate)]^(2024-1933).

    Do we agree on the above but just disagree on what the average inflation rate would be? Or is something above incorrect?

  • andMoonsValue@lemmy.worldtoJust Post@lemmy.world•A mildly interesting list of proposed amendments that didn't pass
    5·
    22 days ago

    You’re completely correct in the figure for federal minimum wage and average home cost, but that doesn’t mean these two figures are relevant. Let me explain.

    Let’s take a look at the federal minimum wage, in 1960, $1/hr, now in 2024, $7.25/hr; 7.25 times higher. Let’s look at the national average cost of a home, in 1960, ~$11,000, now in 2024, ~$320,000; 29 times higher.

    Does this mean that the government is lying about historic wages or housing costs since they both didn’t increase at the same rate? No.

    Wages have notoriously not kept pace with inflation, while housing is considered a stable asset for building generational wealth, outpacing inflation. It can be a hard concept to grasp, but the value of a dollar is much more complex than being directly tied to minimum wage or cost of housing.

  • andMoonsValue@lemmy.worldtocats@lemmy.world•Robot litter box
    9·
    11 months ago

    If you can afford it, get it.

    Greatly reduces smell and there’s no more arguing on whose turn it is to clean the litter box. Not to mention scooping poop is just gross. You just put a bag in the bottom, and replace it when it says it’s full. To clean the litter box the sphere comes off the base and has no electronics in it so you can clean it with a hose outside. At this point I couldn’t go back to a normal litter box, they sell parts to fix it should you ever need to (got mine ~3 years ago and no issues) but even if I couldn’t fix it with replacement parts I’d be getting a new one.

    Only disadvantages in my mind are, it’s a bit bigger than a normal litterbox, it needs to be near into an outlet, and my cat took a bit of time before he liked it.

    Overall, this is something that I tell everyone they need if they tell me they have cats.