when you adjust for inflation

[Silverobama]

Hi,

He makes less money now, when you adjust for inflation, than he did 10 years ago.

I understand the first and last part, but how to understand the red part?

Thanks a lot

[5jj]

Example:

Ten years ago, he earnt £20,000 a year. He could afford to pay off his mortgage, buy a new car every three years, and eat in a restaurant once a month.
Today he earns £22,000 a year. It seems as though he is earning more but, as a result of inflation, he can now just pay off the mortgage on a smaller house, buy a new car every five years, and eat in a restaurant once a year.

[Silverobama]

Thanks a lot for your explanation, Five.

But how to understand "You adjust"?

Does the "you" stand for "the government"?

[5jj]

But how to understand "You adjust"?
Does the "you" stand for "the government"?

No. It's the impersonal 'you'. You (that's the impersonal 'you'; I am not particularly addressing you, Silver) could also use 'we' or, very formally, 'one'.