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To: DeaconBenjamin

Hack indeed. According to the BLS (Bureau of Labor Statistics) inflation calculator at the site identified above, $100 in 1982 had the buying power of $215.49 today.

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I started my own business in November of 82, for the first 10 months of that year I had been employed as a tech rep. at a salary of $18000. plus benefits. I had no financial problems at all living on that. Let those who say there is no inflation try living on $18000. now! Oh, and by the way, at that time I had a non-working wife who had health problems and no income of any kind. I would say the truth is considerably worse than the BLS admits, maybe we should drop the L!


40 posted on 07/15/2007 5:33:50 AM PDT by RipSawyer (Does anybody still believe this is a free country?)
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To: RipSawyer
My salary in 1982 was $200/wk. However, as an employee at the small family-run business, I was paid before the owners were (i.e., if they were paid, it was out of the funds remaining after I and the other employees had been paid).
41 posted on 07/15/2007 5:56:29 AM PDT by DeaconBenjamin
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