Observations on Wage Increases, Inflation and Quality of Life
One of the biggest fallacies which is spread around the internet from alternative financial and investment sources is that the US dollar has lost somewhere around 95% of its value since the creation of the Federal Reserve in 1913. Though this is somewhat true, there is much more which needs to be considered.
Most of us have seen some chart or another which shows the steep climb of dollar inflation, or the steep decline of dollar devaluation, depending on which perspective you want to view the data from. But missing from such charts are other data sets which, when added, present a different version of events.
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