Re: Books were expensive.....?
You're assuming salaries have also increased in direct relation over that time period. For those that had to deal with pay cuts etc. that is a lot more now, in relation to their income as it was back then.
After redundancy (2,500 jobs cut at my employer at the turn of the century) and working my way back up, I'm earning about the same (in actual, as opposed to relative terms) as I was at the turn of the century.