Quote:
Originally Posted by packs
Yes, but the purchasing power of a dollar today vs 1973 doesn't compare. Nor does the price of just about everything else. The purchasing power of a six-figure income in 1973 was huge.
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I don’t find this particularly compelling.
Look at it this way: in 1973, CPI was 44.4 and in 2020 it was 258.8. That is a factor of 5.82 which translates Mays 1973 salary to $976,000 today. Not bad money for a schlub like me. But hardly worthy of a generational talent like Willie Mays.
For comparison, I looked at the
salaries of today’s SF Giants. The closest to $976K is Jarlin Garcia, a league average middle reliever.