> the sugar industry paid the Harvard scientists the equivalent of $50,000 in 2016 dollars
I.e. it was something more like 6k-7k in terms of dollars at the time of payment.
> the sugar industry paid the Harvard scientists the equivalent of $50,000 in 2016 dollars
I.e. it was something more like 6k-7k in terms of dollars at the time of payment.
As a unrelated note it really is depressing to think about how easy it is to buy off politicians and how much money the bribers have vs an average person.
~$6,000-$7,000 is the amount the researchers were paid off with in the mid 60s. This is roughly equivalent to ~$50,000 in 2016 when using CPI-U figures.
$25,000 in the mid 60s would be equivalent to ~$193,000 by the same measure, and does not relate to $50,000 in 2016 in any way.
But your core point that the items in the CPI-U basket do not adjust equally, which is why it's a basket in the first place. Median housing price in 2016 was ~$300,000, so ~$193,000 is a bit of variance... but not nearly as much as mixing the numbers from the different comparisons made it sound.