Also was the 1971 household income number a single income or dual income like today? If not dual then we are working twice as muchh to make the 5.5x increase
this post was submitted on 30 Dec 2024
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I hate the "household income" statistic for this exact reason. It obfuscates the number of people working. Not just both parents but also adult children living with their parents and working.
If you look at Canada's single income household data from 2000-2020, the average income for males went from $30k to $34k CAD and females were roughly $17k to $25k. I would bet the US wages went up by a similar amount.
The only thing I disagree with in this post is using the average cost of an Ivy League education. If they're comparing averages, either use all higher education or state universities.
But screens have gotten cheaper per unit of area!
This is surely not the reason here, but at least cars have gotten a lot more complex, and the possibilities of health care have also increased a lot. So not all of this increase goes into rich people's pockets. But likely still quite some.
Cars are more complex so that they can spy on you, steal your data, and make even more money as data brokers.
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People see all this and then continue worshiping the state, promoting its fiat paper covered in slavemasters, and actively participating in its planetary destruction. The whole system is a scam. It's completely obvious.
It's ok if people want to criticize crypto because it's also garbage capitalism. But that's nothing compared to what the state is doing...
How would you guarantee my safety without a state? What would stop some group of people who decided to rape and pillage from doing so?
Let me save you some time :)
There are never actual well-thought-out answers, just a chain of poorly constructed what-ifs
The answers always put them in control without any guardrails and just require everyone to assume they're good-hearted people with good intentions.
Exactly. And then when you question them further, you often find out that they would not be one of those good-hearted people who would pay them to solve the problem.
What would stop some group of people who decided to rape and pillage from doing so?
Who is stopping our oligarchs and their CEO lapdogs from doing this now?
Elites in fact rape poor people's children... Healthcare CEO pillage family's bank accounts if one of them has health issues?
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But this guy will make it great again, surely.
55k sounds really low for a family income. Is that per person?
Probably worse than you think. In 1971, the family income was more often than not achieved by one person working. Now it's usually two.
Federal minimum wage is $15,080 assuming you work 40 hours a week and never get sick or take time off.
$55,000 is two people working $13.22 or a single person working $26.44
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