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Started By
Message
re: I'm sick of people saying the middle class is worse off than 4 decades ago.
Posted on 3/13/17 at 6:44 pm to HailHailtoMichigan!
Posted on 3/13/17 at 6:44 pm to HailHailtoMichigan!
Where are you getting your hourly wage from?
0
Posted on 3/13/17 at 6:47 pm to RobbBobb
quote:
I can tell you right now, your chart sucks Just bought a new washer, and dishwasher Got my dryer fixed rather pay the replacement costs, and there was nothing on the market remotely close to your 2013 prices
You didn't look very hard
Washers
LINK
LINK
Dishwashers
LINK
LINK
Dryers
LINK
This post was edited on 3/13/17 at 6:53 pm
Posted on 3/13/17 at 6:51 pm to the808bass
quote:
One of the best ways for the middle class to "get better" rather quickly is to stop getting divorced.
Absolutely the fastest way to go from upper middle class to lower middle with the stroke of a pen.
Posted on 3/13/17 at 6:59 pm to League Champs
quote:
OK, stop saying this. Its embarrassing.
Because if you move in a home that is 1000 sq ft less than the one youre currently living in?
Youre not in a middle class neighborhood anymore in 2017
Do you not live near a big city? There are plenty of older homes built with a smaller sq foot presence in really nice neighborhoods.
The size of the house is not a great measure to what kind of neighborhood you live in if you get into the weeds of the subject at all. I'd generally agree if you're out in suburbia or further though.
This post was edited on 3/13/17 at 7:01 pm
Posted on 3/13/17 at 7:11 pm to HailHailtoMichigan!
But unfortunately today most of that stuff is financed not paid for.
Posted on 3/13/17 at 7:22 pm to Teddy Ruxpin
quote:
I'd generally agree if you're out in suburbia or further though.
And where do you think hes getting his 1000+ comparison from. Those older homes that haven't changed any in 40 yrs
or the new constructions?
Posted on 3/13/17 at 7:23 pm to Raz4back
quote:
You didn't look very hard
I wasn't looking for one that could fit in my kids dollhouse. Try pricing in the 4 cu ft area and above. Ya know one that a family of 4+ might could actually use
Posted on 3/13/17 at 7:38 pm to ShortyRob
quote:
ShortyRob
Your argument doesn't hold water. Because youre comparing the technology of today and saying that you cold live cheaply in a 70s house, car, utilities etc. Without doing the same comparison
How wealthy would a 70s family be if they lived in a 1910s house, didn't have a car, utilities, phone bill etc
The comparison is only fair if based on 1970s standard of living to 2010s standard of living. So look no further than this:
Posted on 3/13/17 at 8:00 pm to HailHailtoMichigan!
To OP: Hmmmm... I thought the best metric of how well the middle class was doing would have been how many people are in the middle class or have been able to stay middle class.
If not that how about how much discretionary income they have. Low prices are a piece of the puzzle sure but it does little good for widget to be cheap if you don't have any money.
There are a bunch of third world countries that have very cheap goods but it doesn't elevate their population to the middle class because they only earn a 1000 dollars a year.
If not that how about how much discretionary income they have. Low prices are a piece of the puzzle sure but it does little good for widget to be cheap if you don't have any money.
There are a bunch of third world countries that have very cheap goods but it doesn't elevate their population to the middle class because they only earn a 1000 dollars a year.
Posted on 3/13/17 at 8:29 pm to League Champs
quote:
Your argument doesn't hold water. Because youre comparing the technology of today and saying that you cold live cheaply in a 70s house, car, utilities etc. Without doing the same comparison
How wealthy would a 70s family be if they lived in a 1910s house, didn't have a car, utilities, phone bill etc
It's one thing to disagree with a point but you didn't even comprehend the point.
Damn
Posted on 3/13/17 at 8:43 pm to ShortyRob
Sorry it pisses you off, OP, but I know more than a few folks who are having to work 2 jobs to make ends meet now. Did you not listen to those 10000's of voters in the Mid West who were saying the same thing? That Hillary ignored ?
Posted on 3/13/17 at 8:46 pm to HailHailtoMichigan!
You're right. It is an asinine assertion to say that 99% of the goods we consume on a daily basis are by an order of magnitude cheaper.
We don't buy anything on your list on a daily basis.
The thing that counts is purchasing power.
Pew Research
So real purchasing power is flat in the last 40 years. Plain and simple
What I don't understand why you (and several of the posters on this thread) feel the need to somehow present some bogus chart to try to convince everyone that the middle class is somehow better off today than it was in the 70's.
Is that to prepare the middle class to more readily accept the slanted toward the upper class "overhaul" of the tax code tax that is just around the corner? Or the tax breaks for the upper class in the "repair" of Obamacare that is being floated now?
We don't buy anything on your list on a daily basis.
The thing that counts is purchasing power.
quote:
After adjusting for inflation, today’s average hourly wage has just about the same purchasing power as it did in 1979, following a long slide in the 1980s and early 1990s and bumpy, inconsistent growth since then. In fact, in real terms the average wage peaked more than 40 years ago: The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would today.
Pew Research
So real purchasing power is flat in the last 40 years. Plain and simple
What I don't understand why you (and several of the posters on this thread) feel the need to somehow present some bogus chart to try to convince everyone that the middle class is somehow better off today than it was in the 70's.
Is that to prepare the middle class to more readily accept the slanted toward the upper class "overhaul" of the tax code tax that is just around the corner? Or the tax breaks for the upper class in the "repair" of Obamacare that is being floated now?
Posted on 3/13/17 at 8:48 pm to Bullethead88
quote:
What I don't understand why you (and several of the posters on this thread) feel the need to somehow present some bogus chart to try to convince everyone that the middle class is somehow better off today than it was in the 70's.
You don't understand the discussion.
Posted on 3/13/17 at 9:02 pm to ShortyRob
quote:
You don't understand the discussion.
Well then why don't you explain it to me.
Posted on 3/13/17 at 9:03 pm to ShortyRob
quote:
apples to oranges. Show me a house today with the exact specs of a 1970s house at the average square footage of a 1970s house and I'll show you a cheap fricking hou
I live in a pretty average 2br house that was built in the 70's.
It's in an ok neighborhood that borders a warzone in Baton Rouge. I could sell it for well over $200k tomorrow. If I split one of the bedrooms and fixed up the place a little, I could probably get close to $300k for it.
I used to live in a 900sf house that was built in the 30's in a trendier neighborhood in the same town. It had window A/C units, but a similar house down the street sold for almost $400,000
The argument about average home size is a load of malarkey.
This post was edited on 3/13/17 at 9:04 pm
Posted on 3/13/17 at 9:05 pm to Bullethead88
Surely you understand why only looking at wages is misleading, correct? Also, most economists will tell you that inflation is overstated using CPI data
Posted on 3/13/17 at 9:07 pm to Bullethead88
quote:
Well then why don't you explain it to me.
I've only done this like 10 times.
Posted on 3/13/17 at 9:09 pm to ShortyRob
I've said nothing about comparable expenditures.
My focus from jump has been simple.
People can measure all the bull shite they want, no one would trade their 2017 life with 1970.
Period
My focus from jump has been simple.
People can measure all the bull shite they want, no one would trade their 2017 life with 1970.
Period
Posted on 3/13/17 at 9:24 pm to HailHailtoMichigan!
Right but have middle-class wages increased?
And like someone said many 'durable' goods breakdown with great frequency compared to how they used to last. That includes homes.
And like someone said many 'durable' goods breakdown with great frequency compared to how they used to last. That includes homes.
This post was edited on 3/13/17 at 9:26 pm
Posted on 3/13/17 at 9:28 pm to Dandy Lion
quote:post tax post transfer, adjusted for household size and fringe benefits, yes.
Right but have middle-class wages increased?
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