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re: How Does This Economy Measure Up With The 50s and 60s?

Posted on 10/5/18 at 10:41 am to
Posted by LSU Patrick
Member since Jan 2009
76688 posts
Posted on 10/5/18 at 10:41 am to
I requested it be moved.
Posted by bayou85
Concordia
Member since Sep 2016
10671 posts
Posted on 10/5/18 at 10:44 am to
No LSU Natty acknowledgment by 58? Post sucks!

Also, How did this gump get to the Tiger rant (not even the SEC rant) and post this crap?
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
18781 posts
Posted on 10/5/18 at 10:46 am to
Posted by bayou85
Concordia
Member since Sep 2016
10671 posts
Posted on 10/5/18 at 12:40 pm to
Did she win or not?
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
6744 posts
Posted on 10/5/18 at 1:01 pm to
I downvoted because the U.S. economy has been living a big, fat lie since 1913.
Posted by towncryr
Mendoza Province, Argentina
Member since Dec 2003
3315 posts
Posted on 10/5/18 at 1:12 pm to
The 'very 1st thing' you need to do is STOP believing fed/gov statistics...

Want the TRUTH about the economy? www.shadowstats.com

Do w/the formulas fed/gov USED in the PAST and not the way they have them intentionally ALTERED today...
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
6744 posts
Posted on 10/5/18 at 1:16 pm to
quote:

Do w/the formulas fed/gov USED in the PAST and not the way they have them intentionally ALTERED today...



Got that right. The CPI should be referred to as the CP "lie" if one wants to be accurate with their fake numbers.
Posted by sertorius
Third Plebeian
Member since Oct 2008
1562 posts
Posted on 10/5/18 at 4:12 pm to
I did some basic math.

In 1963 a yearly minimum wage was 1/5 the cost of the average house.

Today, a yearly minimum wage is 1/13 the cost of the average house.

Even if I'm a bit off, the difference is profound.

Posted by Geauxst Writer
Atlanta
Member since Dec 2015
4960 posts
Posted on 10/5/18 at 4:24 pm to
Wrong board dude.
Posted by Jake88
Member since Apr 2005
77532 posts
Posted on 10/5/18 at 4:38 pm to
Sorry good economic news makes you angry.
Posted by deltaland
Member since Mar 2011
99890 posts
Posted on 10/5/18 at 4:51 pm to
quote:

older gentleman that I know once told me that he and his wife were purchasing a new house, a new car, and a washing machine on two minimum wage salaries.



You could do that now if you only had the bills they had then.

They didn’t have phone, internet, satellite tv, and all that other BS then to pay monthly.
Posted by sertorius
Third Plebeian
Member since Oct 2008
1562 posts
Posted on 10/5/18 at 7:16 pm to
deltaland,

See my previous post regarding the percentage of minimum wage to average house cost. I get your point, but mine still stands.
Posted by Jake88
Member since Apr 2005
77532 posts
Posted on 10/5/18 at 7:23 pm to
How much better is the crappiest new house now compared to the average house back then?
Posted by sertorius
Third Plebeian
Member since Oct 2008
1562 posts
Posted on 10/5/18 at 7:50 pm to
Jake88,

I don't argue on the internet. I like to look people in the eye for discourse that has any amount of depth, but I'll make this one point and then retreat.

Your argument is that the average house today is so much more expensive, relatively, than the average house built in 1963 because it is much nicer.

Ok.
Posted by VOR
Member since Apr 2009
67208 posts
Posted on 10/5/18 at 7:54 pm to
Don’t count on it.
Posted by Jake88
Member since Apr 2005
77532 posts
Posted on 10/5/18 at 8:32 pm to
My point was a low end house now is much nicer than the average house in 1963, hence the disparity in minimum wage and the cost of a house now, compared to 1963 is not as significant or important as your post makes it seem.
This post was edited on 10/5/18 at 8:35 pm
Posted by Trump_Gump
Member since Sep 2018
332 posts
Posted on 10/5/18 at 8:52 pm to
quote:

I downvoted because the U.S. economy has been living a big, fat lie since 1913.


It hasn’t but we should still end the fed
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