That's wage increases subtracted for the rate of inflation because they collapse the purchasing power of everybody's dollars by 22%. If you measure inflation the way they measure it now, but If you took the way they measured inflation back into the eighties, it's almost a decline by 40%. It's hammered people, and everybody sees it with the price of their groceries, their energy bills, the housing costs. (01:16–01:24)
CLAIM
Asserts that using 1980s inflation measurement methods, purchasing power has declined by nearly 40%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
