Count the Cost

If you don’t already, you should know that inflation is theft. 

From job to job throughout your career, you should always compare your new salary with your old one by using an inflation calculator.

Lamenting about my pay earlier forced me to go to the Bureau of Labor Statistics Inflation Calculator.  When driving for UPS back in 1983-1986 at $16.10 an hour, I took home $525 a week.  A few years ago, I took a short-term position earning $900 a week.  Sounds like an improvement, right?  $500 a week back in 1985 would be the equivalent of $1,192 a week today.  See for yourself.  Type in 500.00 in the dollar window at the top, then change the year to 1985, and the amount will come to $1,192.95.  So by that measure, had I kept up with inflation at UPS, I could or should be making $1,192 a week.  But I am not; in fact, it took me a full two weeks to make only $1,290.  To keep up with inflation with my 1985 salary, I should be making $2,000 to $2,500 a week.

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