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    #1

    when you adjust for inflation

    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

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    #2

    Re: when you adjust for inflation

    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.

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    #3

    Re: when you adjust for inflation

    Thanks a lot for your explanation, Five.

    But how to understand "You adjust"?

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

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    #4

    Re: when you adjust for inflation

    Quote Originally Posted by Silverobama View Post
    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'.

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