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65 votes
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Ticketmaster’s pricing for Oasis tickets is under investigation in the UK
11 votes -
Meat and poultry is wildly expensive now — and it could be due to price fixing
23 votes -
Small grocers feel squeezed by suppliers, and shoppers bear the pain
30 votes -
The US Department of Justice files an antitrust suit against a software company for allegedly manipulating rent prices
46 votes -
Why Lego is so expensive | So Expensive
28 votes -
Why your vet bill is so high
41 votes -
Monopoly round-up: Price gouging vs price fixing vs price controls
13 votes -
Burners eat big losses in desperate race to sell unwanted Burning Man tickets
31 votes -
.Com prices go up at the end of the month
33 votes -
Customers didn’t stop spending. Companies stopped serving.
61 votes -
US targets surging grocery prices in latest probe
30 votes -
Pricing updates — Nebula
36 votes -
Washington, D.C. attorney general sues StubHub, alleging deceptive pricing
22 votes -
"Why you feel poorer than ever: " (Spoiler) "The problem is getting what we need"
31 votes -
Was early modern writing paper expensive?
8 votes -
US Federal Communications Commission closes “final loopholes” that keep prison phone prices exorbitantly high
44 votes -
Final update: Price reductions available now on the digital Xbox 360 Store – closing July 29, 2024
8 votes -
Xbox Game Pass is getting major changes, with a new tier without day one games, and a range of price increases
28 votes -
Price changes [decreases] coming to Hunt: Showdown
3 votes -
US congressional testimony on the impact of climate-related disasters on the solvency of homeowner's insurance
18 votes -
Berkshire was too cheap, then too pricey
9 votes -
State Farm asks for huge California home insurance rate increase, signaling financial distress
15 votes -
Orange juice crisis hits consumers in Japan
14 votes -
The opaque industry secretly inflating prices for prescription drugs
18 votes -
Electric cars are suddenly becoming affordable
48 votes -
Fast-food owners, squeezed customers test limit of value meal economy
32 votes -
Spotify raises US prices of premium streaming plans for second time in one year
33 votes -
Nearly 80% of Americans say fast food is now a luxury because it’s become so expensive
43 votes -
Star Wars Outlaws - Everything you need to know about the first open world game in the galaxy far, far away
16 votes -
Spotify hikes fees, passing on its tax burden, after the French government introduced a levy to support the nation's music industry
21 votes -
Electric bikes are about to get more expensive in the US
8 votes -
Europe's gas supply once again hinges on one company – Equinor now plays an outsized role in the ups and downs of the continent's gas prices
6 votes -
Mortgage companies could intensify the next recession, US officials warn
24 votes -
Over ten years after its Kickstarter campaign and Alpha launch, 7 Days to Die is finally leaving Early Access
19 votes -
A Reddit-led boycott of Loblaws, one of Canadas largest grocers, begins today
46 votes -
San Francisco office sells for a stunning 90% discount from 2016 price
34 votes -
GDP per capita vs. the federal poverty rate over the years (observation and discussion)
Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this. In the 1960s, America's GDP (per capita) was $3,000. Also, in 1960, the...
Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this.
In the 1960s, America's GDP (per capita) was $3,000.
Also, in 1960, the federal poverty limit was $3,000 for a family of four.In 2023, the GDP (per capita) was $82,034.
The federal poverty limit for a family of four in 2023 was $30,000.This can't be good for the American people. Unless I'm drawing comparisons between two completely unrelated things?
People who are barely in poverty today would have to earn ~2.7x the amount they earn to stay consistent with those who were barely in poverty in the 1960s if GDP and FPL were still equal to each other. So what about the families caught in the middle? Too high earnings to get help and too low to thrive? They just suffer, I guess.
Out of curiosity, I calculated what the thresholds would be if the percentages of GDP to FPL were swapped between 2023 and 1960.
1960s numbers adjusted if FPL matched 2023's percentage:
GDP=$3,000
FPL=$1,1111960s numbers adjusted if GDP matched the percentage comparison of 2023:
GDP=$8,100
FPL=$3,000Please let me know if it actually matters that the GDP per capita is 2.7x the federal poverty limit for a family of four. Also, let me know your thoughts.
8 votes -
‘Escape From Tarkov’ fans are outraged at new $250 pay-to-win edition
49 votes -
Spotify lowers artist royalties despite subscription price hike
50 votes -
Cocoa price swings are the craziest since the 1970s
14 votes -
Inflation in times of overlapping emergencies: Systemically significant prices from an input–output perspective
7 votes -
Microsoft to separate Teams and Office globally amid antitrust scrutiny, will cost $5.25/month standalone
50 votes -
Fisker's US electric vehicle prices slashed by up to $24,000, Tesla freezes them as trades
27 votes -
Saffron: The story of the world’s most expensive spice
7 votes -
What happened when you visited a medieval inn?
11 votes -
Germany’s solar panel industry, once a leader, is getting squeezed
17 votes -
Egyptians are buying and selling gold just to stay afloat
9 votes -
Waymo can now charge for robotaxi rides in LA and on San Francisco freeways
20 votes -
Joe Biden criticises US snack makers for ‘shrinkflation rip-off’
32 votes