[EDIT] Blog has been moved to
http://freedom-thirtyfive.blogspot.com/Over the course of our work life the obvious assumption is that we make more money as we become more experienced in our careers. But with everything from food to housing becoming so expensive these days I'm led to believe that we will always be losing real purchasing power because our pay raises will never grow as fast as that of the cost of living.
A combo meal at McDonald's was only
$4 twenty years ago, but today it's
$8. That means if we were making $40,000 back then, we would have to be making more than $80,000 today (factoring in a higher tax bracket) in order to buy the same amount of meals. Here's a graphic that shows how other things have changed in Vancouver, in the last 20 years.

Are we slowly becoming poorer without even realizing it? I especially empathize with the younger work force. We pay astronomical amounts for school, graduate with insurmountable debt, and often can't even find jobs in our field of study.
My friend who also works in computer graphics said his starting salary when he entered the field in
1998 was $40,000, which is a bit higher than what my starting salary was. And
I started working in
2008. So on top of fighting price inflation on the spending side, I was also met with salary deflation, how fair is that. I admit I was at least lucky enough to find work right out of school, but I still feel like my post secondary education isn't worth as much as it used to. I just hope the young adults of today will somehow find a way to still live a modest to prosperous life despite these challenging times.