Comment Re: I know for sure my company doesn't do this (Score 1) 57
The CPI "basket of goods" does include Housing (40%) and transportation (16-18%).
So no, you can't just dismiss real wage gains so easily. That clerk at a store in the 1950s made $25-50 per week. After adjusting for inflation, that would be $339-678 per week. Based on home prices in the 1950s, that clerk could have afforded a mortgage on an 800-1,000 square foot house with 1 bathroom and no air conditioning.
Now tell me again how good those clerks had it in the 1950s!