The cost of living has increased for people as well these days. not necessary the actual cost of living but the perceived cost of living.
What am i talking About?
Well like many when i grew up we weren't necessary poor definitely not rich but we had food for every meal.
You listened to the radio for entertainment
Nobody had ac you slept with a pile of blankets in the winter
No cable tv bill obviously
Anyway i could go on and on about what didn't exist. The point that im trying to make is even if relative pay was the same the amount of crap that's available to the people today increases there perceived living expenses ten fold. Anyway again my two more cents.