It cost about a half-hour's average wage 50 years ago to go to the movie. It costs about a half-hour's average wage today to go to the movie.
Inflation is not what it seems to be. Never trust any government produced number.It is just another way to screw the people ,along with taxes and keep them from achieving the American dream . Dream for us commoners is a nightmare for those that control us.They can't allow it to happen.
So that makes massively devaluing peoples past work and savings via inflation OK? Why are you defending the govt and the federal reserve on this. The only people who benefited from the massive expansion of the money supply are the cronies.
correct... and I don't now why anyone but a crony or are an employee of a crony with low integrity would defend it.
NEW YORK (AP) — The average movie ticket has hit a record high of $8.70. "The National Association of Theatre Owners said Tuesday that was the average ticket price in the fourth quarter of 2015. It's up 40 cents, or almost 5 percent, from the same period the year prior. Over the full year of 2015, the average ticket cost $8.43. "The averages cover theaters across the country and showings at all times of day. "Propelling ticket prices higher have been various large-format screenings and premium seating options, which pull in moviegoers for blockbusters like "Star Wars: The Force Awakens" and "Jurassic World." "Last year, box office revenue hit a record $11.1 billion." http://www.aol.com/article/2016/01/...9707/?ncid=txtlnkusaolp00000058&intcmp=hplnws So at today's average hourly rate it's cheaper to go to the movie than it was 50 years ago. ("United States Average Hourly Wages 1964-2016 | Data | Chart | Calendar Wages in the United States increased to 21.22 USD/Hour in December...")
one the cost of ticket compared to the average wage in 1964 is about the same as it is today. it just took out a calculator. next... we still have over 700 percent inflation... so even if wages kept up with the price of movie tickets... why did owners of the Federal Reserve get the benefit of printing triliions and trillion of electronic dollars and not the people of the united states. do you realize how much wealth has been extracted from america by that process. do you see systematic inflation is evil to the working class in the long and short run. why are you defending systematic inflation... you are a self proclaimed lover of the proletariat? not party members who virtually enslaved them?
In 1965 I'm seeing the average hourly was just over $2. So the $1 movie ticket was close to half an hour's average pay. In 2015 the average hourly was $21.22 and the average movie ticket was $8.70. O inflation, where is thy sting?
a ticket in 1964 was 93 cents and I just read the yearly wage was over 5000 dollars. http://www.348-409.com/1964flash.html http://www.davemanuel.com/whatitcost.php if you multiple that by about 8 point something you get todays numbers. 8 hundred percent inflation in 50 years.