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Prices have indeed increased in the past several decades.
Then again, if I recall correctly, my monthly pay when I joined the army as a PVT E-1 was $98 and change before any taxes.
After the army I went to college on the GI Bill and got an engineering degree. My first job, which started in 1977, paid a whopping $14K/Year!

That amounted to $6.73 an hour.

Yep, things cost more these days, but we also have more money with which to buy those things.