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But we saved everything 🙂.
Andrew Lokenauth observes that achieving the same purchasing power as in 1970 would require an 8.6-fold increase in today’s hourly wage.
His statement underscores the extent to which inflation has eroded the value of hourly earnings since 1970.
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Lokenauth has recently compared tech and retail valuations by highlighting Anthropic's $965 billion valuation and $65 billion in revenue with Walmart's $870 billion valuation and $713 billion in revenue. He has also tracked sector-specific movement as oil and gas investors monitor key market developments. These observations reflect his ongoing focus on financial trends across different industries.