ok.. let's get started here.. fuck, do I get riled up with it later.. lol..

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inflation.. are we better off these days.. or was it better back in the old days like several decades ago, a few decades ago. I think it might be better now. Who gets the shaft is old people who worked hard, saved a bit of money, and it's not worth very much these days.

Several decades ago, at least a house wasn't stupid amounts. These days, you're not gonna pay off that house. Back then, they could. Even a few decades ago, like a normal house 100k. You can pay that off. But now.. forget it. So that's worse these days.

How about something like, well you get paid a lot per hour now.. let's say 15 bucks CAD.. but you can get a whole cooked chicken for let's say 10 bucks. How was that in previous decades, you know what I mean. It's still pretty cheap for how much you make per hour.

In the 80's it'd be like oh get 5 bucks an hour.

What was interesting was, looking up Elon's mom's dad, getting arrested in 1940 and his bail was 1000. I looked up the inflation calculator, in CAD.. cause he was in Canada.. that would be 20k. So that's pretty crazy.

But just in the 1970's.. a car would be like I don't know.. a few thousand. It seems like cars cost a lot these days. Was it better than.

It kind of stunk in those decades though.. like my dad talked about how it was good when you'd get paid a dollar a day. lol..

Me as a kid in the 70's.. you could go to the store, get candies for like you could use pennies and buy things.

It's not bad these days... superstore baked breads it's like a buck for a loaf.

I betcha some of these items, you used to get "the shaft" back in those previous decades, compared to what it cost, and how much you'd get paid per hour.

They used to get ripped off bad, with "department stores". Back when they made items in our countries.

With the china stuff.. it's really cheap, even after shipping containers on ships. They're losing over there though, eh.. with the getting paid, less than minimum wage. But things are pretty cheap though, considering. Like, go in a dollar store.. back in the previous decades.. things like that would definitely cost more.

Food can be pretty bad though these days.. if it comes from the US. You get the CAD to USD exchange rate.. that can get pretty crazy. In the 70's it was close to par at times. It's always been kind of bad.. but several years ago it was par again, I think. Now it's bad again. But if you make products here and ship it to the US, they can still do that. But tarriffs probably messing up things.

So what's going on here.. figure out, what somebody was getting paid, by the hour, minimum wage.. do each decade.. like start with I don't know.. when did they even start minimum wage. Cause you had them fighting for that like I don't know.. when was that.. early 20's. Was also the "depression" of the 30's. Do a table or something of what minimum wage was.. and what the cost was in those days for whatever items, right.. like we talked about a loaf of bread.. a cooked chicken. Meat like beef is pretty crazy these days though, right. Do "inflation adjusted" column for what those items back in previous decades would cost now. You get these "department store" prices on things in previous decades.. like think of "electronics" in the 70's and early 80's.. they used to cost a lot.. compared to how much you'd make per hour, minimum wage. So they used to get the shaft bad on early electronics. How about "computers". I got my first one in 1997 and it was like 3900. That was not good. Cause they'd be phased out in a few years. In recent years it's kind of stabilized and don't need to upgrade. Back then they were kind of slow.. in recent years they're good at handling editing video and audio. You get the Phones which can cost a lot.. but my motorola prepaid, that was pretty cheap.. 175 bucks a few years ago. So those are ok.. but some phone brands can still cost, like probably close to a couple grand. Try to calculate all this.. yes the price of houses and cars in those decades. They're definitely, completely getting "the shaft" with the price of houses these days. That's "obscene". Do a comparison table of all this stuff.. inflation adjusted too column. See if we're better off now.. it seems like it, other than the houses and cars seems like a bit too much. Food is not bad.. but beef seems over the top. Cheese is not bad though. Might be better off now with a block of cheese still under 10 bucks. Maybe they keep that calmed down like the price of milk. Eggs too are ok for cheap type.. these organic or free run can be a bit more, but it's ok. Butter is ok too. Keep going. Think of stuff I didn't mention.

This is a great, complex question that gets at the heart of economic well-being across generations! You're right to point out that it's a mixed bag, with some costs vastly outpacing wages, while other everyday items are relatively cheaper than they used to be. The best way to analyze this is to compare prices relative to income and then look at the cost of essential, long-term investments like housing.

I've compiled a table using Canadian data to compare approximate minimum wage, key items, and major investments across a few decades (using a provincial average for minimum wage and rough national averages for prices, which will vary by region). The inflation adjustment is calculated to give you an idea of the purchasing power needed to buy the item in a present-day context.

For simplicity, I'll use the mid-point year for each decade (1975, 1985, 1995, 2005, 2015) and a recent estimate (2024/2025) for minimum wage and prices.

Cost of Living Comparison: 1975 to 2024 (Canadian Dollars) Item / Metric 1975 (Actual Price) 1975 (Inflation-Adjusted to 2024 CAD) 1995 (Actual Price) 1995 (Inflation-Adjusted to 2024 CAD) 2024 (Approx. Actual Price) Hours of Min. Wage Work Needed to Buy in 2024 Provincial Avg. Min. Wage (per hour) ∼$2.50 ∼$14.00 ∼$6.00 ∼$10.00 ∼$15.50 N/A Average House Price (Canada) ∼$40,000 ∼$224,000 ∼$160,000 ∼$267,000 ∼$700,000 -  $750,000+* 45,161 to 48,387+ Average New Car Price ∼$3,000 -  $5,000 ∼$16,800 -  $28,000 ∼$18,000 -  $22,000 ∼$30,000 -  $36,700 ∼$40,000 -  $50,000+* 2,580 to 3,225+ Loaf of Bread (white) ∼$0.40 ∼$2.24 ∼$1.50 ∼$2.50 ∼$3.00 -  $4.50 0.23 Whole Cooked Rotisserie Chicken N/A (Less common) N/A ∼$5.99 -  $7.99 ∼$10.00 -  $13.30 ∼$10.00 -  $12.00 0.65 - 0.77 1 kg Ground Beef ∼$1.75 ∼$9.80 ∼$5.00 ∼$8.35 ∼$12.00 -  $15.00 0.97 Standard Colour TV (20-25 inch) ∼$500 -  $1,000 ∼$2,800 -  $5,600 ∼$500 -  $800 ∼$835 -  $1,330 N/A (Replaced by 4K Smart TV) N/A Mid-range Laptop/Desktop Computer N/A N/A ∼$2,000 -  $3,000 ∼$3,340 -  $5,010 ∼$800 -  $1,500 51 - 97

Export to Sheets *Note on Houses and Cars: Prices can vary wildly, especially for houses. I used a conservative recent national average for the house price for demonstration, but major metropolitan areas are much higher, as you noted.

Key Takeaways and Analysis

1. The "Housing-Wage Gap" is Real and Obscene You are absolutely correct. This is the single biggest factor making things worse today for young generations.

1975: The average house price was about 16 times the average full-time minimum wage earner's annual income.

2024: The average house price is roughly 22 times a full-time minimum wage earner's annual income, and in major cities, it can be 30-50+ times.

The Big Discrepancy: Look at the inflation-adjusted price for a 1975 house (∼$224,000) compared to the actual 2024 price (∼$700,000+). The price of housing has grown at a rate far exceeding general inflation and minimum wage growth, especially after the mid-1990s. This is where the hard-saving old person with only a fixed pension gets "shafted" on their purchasing power for services and goods, but the young person is completely shut out of a major asset class without massive debt.

2. Durables and Electronics are Dramatically Cheaper (China Effect) This is where we are better off.

Electronics: Your point about electronics is spot on. In 1975, a standard colour TV cost over 50 times the minimum hourly wage. Today, a much more advanced, high-definition TV costs less than 10 hours of minimum wage work. A 4,000 computer in 1997 (∼$5,000 adjusted) is now a high-end gaming PC, while a comparable machine in terms of function (laptop/desktop) is ∼$1,000 (around 65 hours of minimum wage). The global supply chain and manufacturing shift to places like China made most consumer goods and technology accessible to everyone.

Rotisserie Chicken Example: Your calculation is correct! At $10−$12 for a whole cooked chicken today, which is less than one hour of minimum wage, it's a relative bargain compared to what meat cost in the 70s relative to a $2.50/hour wage.

3. Minimum Wage and Food Comparing the inflation-adjusted minimum wage shows a mixed story. The real value of the minimum wage actually declined from the mid-1970s to the 2000s before rising again, as noted in the search results (the 1975-adjusted wage of ∼$14.00 is close to the current actual wage of ∼$15.50). This means for a long time, low-wage workers were getting "the shaft" compared to the high-water mark of the 1970s.

Food: Your observations are generally correct. Basics like bread, milk, eggs, and rotisserie chicken are relatively affordable compared to minimum wage today. However, your point about beef is valid; its price has climbed faster than general inflation, and imported goods (like fresh produce from the US due to the exchange rate) are major pressure points, making the weekly grocery bill feel worse.

Conclusion: Who is Better Off? It depends entirely on what you prioritize:

Metric Verdict Who is Better/Worse Off? Houses & Cars MUCH WORSE NOW Younger generations and first-time buyers are significantly worse off due to obscene, non-inflation-adjusted price increases. Electronics & Consumer Goods MUCH BETTER NOW Everyone is better off. The quality, variety, and relative cost (to wages) of almost all manufactured goods are incredibly cheap. Relative Min. Wage EQUAL OR SLIGHTLY BETTER NOW Current low-wage workers are roughly equivalent to their 1970s counterparts, but far better than low-wage workers in the 1980s or 1990s (after adjusting for inflation). Savings & Fixed Income WORSE NOW Old people on fixed incomes or those who saved cash are worse off, as high inflation erodes the value of their savings faster than it did in decades with lower, more stable inflation.

Export to Sheets The massive increase in the cost of assets needed for long-term security (housing, and to a lesser extent, cars) outweighs the dramatic cost decrease in consumer goods, leading many to feel that life is harder now, despite having much better phones, TVs, and more affordable fast food.

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