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re: Minimum wage in the 1970s would be the equivalent of making almost $56,000 a year now
Posted on 4/22/26 at 4:42 pm to el Gaucho
Posted on 4/22/26 at 4:42 pm to el Gaucho
quote:
Is this a boomer finally understanding that his descendants will have it worse than he did
Young people today never understand the "problem of 0".
When young and starting out with nothing (0), you compare yourself to people 10, 30, and 50 years older than you. You see the effects of inflation (how little a home cost 50 years earlier) and presume that life was easy.
50 years from now, this problem of 0 will continue. Young people starting out with nothing will also be comparing themselves to neighbors who are 10, 30, and 50 years older. They will see inflation (how little a home costs in 2026) and presume that life was easy.
The value of the dollar only goes down. The cost of a Big Mac only goes up.
Those with $0 will only see how much higher costs of basic goods and needs are (not realizing that they are making 10 times more)
2
Posted on 4/22/26 at 4:42 pm to Techdave
quote:
I think he was suggesting they will bitch regardless, cause they are clueless.
I grew up listening to boomers tell me how bad people in the past had it in the Great Depression, wars, the American frontier, etc
It got better for every successive generation until now. The reason for this is that America is in decline.
Can y’all admit that? I’m trying to bridge the generational river here
Posted on 4/22/26 at 4:43 pm to Techdave
quote:
Plain as F. Panel walls. Maybe an air conditioner, maybe not. Shitty insulation. No security system. Single pane windows.
Definitely not comparable to houses of today.
Most homes in 1971 did not have A/C.
Hell... most UGA dorms in 1996 didn't have A/C
Posted on 4/22/26 at 4:44 pm to meansonny
quote:
Young people today never understand the "problem of 0".
When young and starting out with nothing (0), you compare yourself to people 10, 30, and 50 years older than you. You see the effects of inflation (how little a home cost 50 years earlier) and presume that life was easy.
50 years from now, this problem of 0 will continue. Young people starting out with nothing will also be comparing themselves to neighbors who are 10, 30, and 50 years older. They will see inflation (how little a home costs in 2026) and presume that life was easy.
The value of the dollar only goes down. The cost of a Big Mac only goes up.
Those with $0 will only see how much higher costs of basic goods and needs are (not realizing that they are making 10 times more)
excellent point, you'll probably get downvoted quite a bit, but that's spot on, the competition should be yourself, not crying poor, poor pitiful me
Posted on 4/22/26 at 4:44 pm to el Gaucho
quote:
Can y’all admit that?
I can admit that you're a whiny bitch.
Life is life.
Life is suffering.
Nothing is easy.
Posted on 4/22/26 at 4:48 pm to el Gaucho
quote:
I grew up listening to boomers tell me how bad people in the past had it in the Great Depression, wars, the American frontier, etc
It got better for every successive generation until now. The reason for this is that America is in decline.
Can y’all admit that? I’m trying to bridge the generational river here
I'm 40. Far from a boomer. When I think a boomer says you have it better it means stuff like think that is taken for granted that they didn't have:
Vehicles and homes have way more safety and convenience features than 60 years ago, much more robust nationwide infrastructure, smart phones, internet, healthcare advances, easier global travel, lower crime rates due to better staffed civil departments
All that stuff costs the average person money directly or indirectly now, which no doubt contributes to individual affordability.
So, from one perspective you don't have the house you wanted, but from the other perspective you get a hell of a lot of things they didn't have in the 1970s. Just a thought.
Posted on 4/22/26 at 4:49 pm to theunknownknight
I got my first real job in 1985. I was still an LSU student at the tiime Min wage was 3.35. I felt lucky to get 3.75. It was only a few months until they put me on salary. Spent ten years there before moving to Houston.
Posted on 4/22/26 at 4:53 pm to NBR_Exile
quote:
I got my first real job in 1985. I was still an LSU student at the tiime Min wage was 3.35. I felt lucky to get 3.75. It was only a few months until they put me on salary. Spent ten years there before moving to Houston.
I was rolling in dough by the time I was a senior at LSU, flipped a couple of houses, was working three jobs, Bengal, Caterie, and IM ref supervisor, took a paycut to go to work for my uncle (Sam,) after graduating, first thought was "this doesn't seem like how it's supposed to work"
Posted on 4/22/26 at 4:55 pm to Techdave
quote:
But I personally know way too many people in real life that aren't getting ahead due to their spending habits and unwillingness to make hard decisions. And I guess my frustration lies with that.
Yea I forgot about the fact that most people on the OT are up in their neighbors/friends/family's business and knows their income, spending and savings habits.
While I may have some sort of idea, I don't know what any of my friends really make income wise and I definitely don't know their monthly cashflow and savings rates. But somehow it seems most of the people who bitch and moan on here about how "entitled" everyone but them is has that information. Very weird.
Posted on 4/22/26 at 4:55 pm to Techdave
quote:
When I think a boomer says you have it better it means stuff like think that is taken for granted that they didn't have:
quote:
Vehicles and homes have way more safety and convenience features than 60 years ago
I love plastic
quote:
smart phones, internet,
And having to carry a tracking device to exist in society
quote:
lower crime rates due to better staffed civil departments
maybe 15 years ago Society is more violent now but crimes go unreported/charged because social justice and more people survive because of medical advances
ETA: I’m not complaining I probably do fine but the price of beer has tripled since I’ve been legal and the price of a steak has gone up x8 or so
This post was edited on 4/22/26 at 4:58 pm
Posted on 4/22/26 at 4:58 pm to 777Tiger
You were lucky. My options were taking a bullshite job in Bunkie for around 30k or keep with the summer job and ultimately paid me 90k per year.
Posted on 4/22/26 at 4:59 pm to JohnnyKilroy
quote:
seems most of the people who bitch and moan on here about how "entitled" everyone but them is has that information. Very weird.
good point, my parents were depression kids, dirt poor, made pretty successful lives for themselves, my dad had a very successful business, he always told me that finances were personal, including at work finances, a policy of his was that if anyone came to him asking for a raise because so and so made this, they were gone, otherwise he'd be willing to discuss it, and mor ethan likely work something out with thm
Posted on 4/22/26 at 5:06 pm to el Gaucho
quote:
ETA: I’m not complaining I probably do fine but the price of beer has tripled since I’ve been legal and the price of a steak has gone up x8 or so
The picture is becoming clearer.
The post-covid inflation is bumming you out?
I get it.
Wages are up almost 23% since 2019 (which is strong).
But a Big Mac has gone up 75% during that time.
It absolutely is uncomfortable.
But it is a short term problem that will average out over the years.
These things always do (unemployment jumps, inflation jumps).
Actions have consequences.
Both parties printing money was bound to have an effect.
Biden doing so after people started going back to work was completely asinine.
Jerome Powell holding down interest rates for the Dems to get through an election cycle should also have been criminal.
Posted on 4/22/26 at 5:10 pm to meansonny
quote:The beginning of the thread established a baseline. Minimum wage and median home value. They then scaled to 2026 for purchasing power in today’s world using that baseline.
When young and starting out with nothing (0), you compare yourself to people 10, 30, and 50 years older than you. You see the effects of inflation (how little a home cost 50 years earlier) and presume that life was easy.
There was a clear increase, so I’m not sure the premise of your agreement holds up.
Posted on 4/22/26 at 5:12 pm to meansonny
quote:
It absolutely is uncomfortable.
But it is a short term problem that will average out over the years.
These things always do (unemployment jumps, inflation jumps).
no it won't
Covid broke the system
Trump 2.0 is scattering the pieces - some of it is good and necessary though
Posted on 4/22/26 at 5:16 pm to meansonny
quote:
I get it. Wages are up almost 23% since 2019 (which is strong). But a Big Mac has gone up 75% during that time
I can’t afford fast food I have to eat weird vegetables that nobody else eats and pork
Once y’all vote for sharia law like yall voted for immigration and inflation I’ll only be able to eat vegetables
Posted on 4/22/26 at 5:17 pm to Midtiger farm
quote:
Covid broke the system
Sure. Sure.
So did the Spanish Flu.
Lol
Posted on 4/22/26 at 5:18 pm to el Gaucho
quote:
I can’t afford fast food I have to eat weird vegetables that nobody else eats and pork
It isn't healthy.
But if you can't afford to feed yourself off the McDonalds app, then you are bullshitting yourself.
You can skate on under $10 a day and eat more than your daily share.
Posted on 4/22/26 at 5:19 pm to theunknownknight
So you think if people had more money to buy homes with real estate values would remain the same???
Posted on 4/22/26 at 5:19 pm to meansonny
quote:
Sure. Sure.
So did the Spanish Flu.
Pretty sure the response wasn't even close to the same
You don't seem very smart
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