• retrieval4558@mander.xyz
    link
    fedilink
    arrow-up
    16
    ·
    1 year ago

    A lot of those claims are based on tax return numbers, which radically overestimate the average salary back then because only the richest people actually filed taxes during that time.

    Don’t get me wrong, we’re not in a good place, but it’s not peak great depression bad.

      • Krauerking@lemy.lol
        link
        fedilink
        arrow-up
        2
        ·
        1 year ago

        I dunno. Seeing quasi hoovervilles popping up with communities of homeless people living in tents and I don’t even live in California. We are like 80% of the way to great depression but there is just more large scale manufacturing of food and entertainment these days