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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 9:00 am to Tommy Noble
Posted on 4/22/26 at 9:00 am to Tommy Noble
Not a good comparison. In 1971 a middle class type new home had no garage, Formica, particle board cabinets, linoleum flooring, etc.
The standard home has much more costly finishes now rather than 50 years ago.
The standard home has much more costly finishes now rather than 50 years ago.
5
Posted on 4/22/26 at 9:00 am to theunknownknight
When minimum wage went from $2.90 to $3.10, I thought I was suddenly rich. Made enough cutting grass at the Club to buy my own bicycle.
Posted on 4/22/26 at 9:01 am to Tommy Noble
(no message)
This post was edited on 4/22/26 at 9:02 am
Posted on 4/22/26 at 9:01 am to theunknownknight
In the mid 70's when I was a kid, my mom worked 30 hours at $1.75 and my dad worked 40 hours at a plant making $7 an hour. That computes to $1540 a month and $18,480 annually BEFORE taxes....and we lived comfortably.
Posted on 4/22/26 at 9:01 am to theunknownknight
This isn't really meaningful unless you control for how house prices have changed compared to inflation, and also how big houses are.
Also the average house went from 1500sft to 2600 sft, almost double. If you controlled for inflation and size, you might find that the needed wages are significantly less.
Also consider cars and other expenses (college???) have signifcanlty outpaced inflation.
Today's consumer is well served by pulling their head out of their arse and making smarter decisions than the average person.
Also the average house went from 1500sft to 2600 sft, almost double. If you controlled for inflation and size, you might find that the needed wages are significantly less.
Also consider cars and other expenses (college???) have signifcanlty outpaced inflation.
Today's consumer is well served by pulling their head out of their arse and making smarter decisions than the average person.
Posted on 4/22/26 at 9:01 am to Techdave
Tell these libturds. It takes discipline to succeed. Quit drinking $10 coffee and paying for Netflix.
Posted on 4/22/26 at 9:02 am to Salmon
quote:
but a used truck for $5k,
Doesn’t really exist much anymore
Y’all always blame cash for clunkers but the real problem is all the Mexicans taking used cars to Mexico
Posted on 4/22/26 at 9:02 am to BluegrassBelle
quote:
And there it is.
Wants to tell folks to pull themselves up by their bootstraps while being subsidized by the tax payer for their education.
Military recruiting office open to everyone. Don't blame me if you don't want to take the options given to you.
Posted on 4/22/26 at 9:04 am to mikie421
quote:
In 1971 a middle class type new home had no garage, Formica, particle board cabinets, linoleum flooring, etc.
That's not all that far off of what comes with new "starter" home builds.
You can get nicer countertops, but ~50 square feet of quartz countertops ain't pushing the needle on build costs.
You aren't getting a garage, your cabinets are going to be about as cheap as they come and you will have carpet and vinyl flooring.
Posted on 4/22/26 at 9:05 am to theunknownknight
quote:
News flash: you aren't young. You fall under “past generations” compared to young people today
Get over yourself.
What I did is the definition of sacrifice to have a better future. Stop wanting shite now and work for it.
Posted on 4/22/26 at 9:06 am to tadman
quote:
Also consider cars and other expenses (college???) have signifcanlty outpaced inflation.
Cars have lagged inflation baw.
Posted on 4/22/26 at 9:06 am to Techdave
quote:
What I did is the definition of sacrifice to have a better future. Stop wanting shite now and work for it.
Posted on 4/22/26 at 9:06 am to NIH
quote:
Tell these libturds. It takes discipline to succeed. Quit drinking $10 coffee and paying for Netflix.
These F'n dudes will create all sorts of arguments to not have to do shite the hard way.
Posted on 4/22/26 at 9:06 am to tadman
quote:
Today's consumer is well served by pulling their head out of their arse and making smarter decisions than the average person.
quote:
Also the average house went from 1500sft to 2600 sft, almost double. If you controlled for inflation and size, you might find that the needed wages are significantly less.
So where should folks find a house that is under 1500 square feet with 3 bedrooms (parents and two kids) and one bath for less than 250K?
If it’s not in a city, you’re also going to be paying out of the arse for the land it sits on.
These houses don’t really exist to the regular buyer after COVID because they’re either still owned by older generations or they’ve been bought up by LLCs to rent out. And new builds are not going to be in that range you’re discussing.
This post was edited on 4/22/26 at 9:09 am
Posted on 4/22/26 at 9:07 am to Rip Torner
The “American dream” is pretty much solely based on home ownership. It’s what made America truly different was owning your own property
That is pretty much dying on the vine
That is pretty much dying on the vine
Posted on 4/22/26 at 9:07 am to Techdave
quote:
What I did is the definition of sacrifice to have a better future. Stop wanting shite now and work for it.
Cool.
Guess what? Your sacrifice would have been more beneficial in the 70s, 80s, and 90s than today.
That's the point that you seem to be purposely ignoring for some weird reason.
Posted on 4/22/26 at 9:07 am to theunknownknight
Who knew printing money had consequences?
I wonder what other major monetary event happened in 1971…
I wonder what other major monetary event happened in 1971…
Posted on 4/22/26 at 9:08 am to Techdave
quote:
Military recruiting office open to everyone. Don't blame me if you don't want to take the options given to you.
Don’t come on here and preach to folks about bettering their situation if your only offer is join the military. Or acting like you didn’t get a baked in advantage that we paid for.
Posted on 4/22/26 at 9:09 am to tadman
quote:
Today's consumer is well served by pulling their head out of their arse and making smarter decisions than the average person.
How do you purchase what isn't for sale?
Posted on 4/22/26 at 9:11 am to Salmon
quote:
Cool.
Guess what? Your sacrifice would have been more beneficial in the 70s, 80s, and 90s than today.
That's the point that you seem to be purposely ignoring for some weird reason.
The point I'm making is to stop blaming the world for your problems. I'm not trying to be a dick. But if you believe the system is set up against you, then you will not even try. Complaining about the current state of things will get you nowhere, there are plenty of options to make the dream happen..
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