What is pulling America Apart?

[timothyu]

As a rule of thumb things should be about ten x more than what they were in 1970 yet they have jumped for many items 2 to 4x beyond that... the prices of 2019. What's wrong with this picture?

 

[RDKirk]

As a rule of thumb things should be about ten x more than what they were in 1970 yet they have jumped 2 to 4x beyond the prices of 2019. What's wrong with this picture?

Hmm. In 1970, I could buy a front-row seat to concerts of the top popular music artists for $25. That was right at the stage...my elbows were literally on the stage. Today, those tickets to the same level of artists (heck even to see the same artists at Choctaw Casino) would cost a couple of thousand dollars for seats right at the stage.

 

[timothyu]

With inflation we actually were paying less now for things until the recent inflated prices. Of course the mid 1970s was a time of out of control price hikes also.

Found some 1970 prices (take them x10 for what they should be in 2019 before the recent gouging)
Today gas, electronics and store bought non processed food is cheaper while housing, lumber and vehicles are ridiculously high. But if people are dumb enough to buy them...

Minimum wage 1.60 hr
Gallon of gas . . . . . 25.9 - 36 cents
8 oz bag chips .15 on sale at .3
vending coke .15 cents
movie tkt adult 1.50 drink and popcorn 1.00
McD burger fries and drink .55
2 bedroom apt 110.00 dollars a month cheap one 65.00
Motel Six hotel room 6.00 a night
Popular hit album 3.99–4.99
Rock concert tickets 3.00 to 10.00
draft beer in a bar .50 .10 at happy hour
New Chevy nova (no options) and 3 spd manual 2300.00
Mixed drink call brand 1.00 .50 happy hour
pizza slice .30
oz of pot $20
Corvette $6000
bottle coke .10
Pak of Juicy Fruit .05
cigarettes (20) .50
bus .10
Big Mac .50
bread .35
can of tuna .35
can of sardines .25
qt whole milk .30
1/2 pint chocolate milk .10
postage stamp .06
House $17000
1 br apt $90
21" console tv $500