Am I thinking about this correctly?

Am I thinking about this correctly? I’ll use numbers that are not my actual salary. If I started at an employer in 1996 at $25K / yr and I now make $47K but adjusted for inflation that $25K in today’s dollars is $48,900 is it safe to say I make $1,900 less than what I started at 27 yrs ago? If I’m thinking about this correctly it is infuriating / depressing at the same time.
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