48 replies to this topic

[Whisky Dude]

The 1984 you is the weak link they can push and squeeze. Just like Walmart does it to their people.

Either your not understanding me, or im not understanding you. The point I was trying to make is that in 1984 I think I was living fairly well for a young kid working a menial job.

Like I say, after bills and living expenses .......I could have saved 25% of each paycheck had I wanted to. How many working families could do that today? Save a quarter of their takehome? Not many.....to say the least.


Other thing is.....Wage increases never really keep pace with real inflation. It just gradually happens over time , until suddenly,... you find yourself running like a rat on a wheel never able to snag that illusive piece of cheese.....

[NewfoundlandFrog]

Either your not understanding me, or im not understanding you. The point I was trying to make is that in 1984 I think I was living fairly well for a young kid working a menial job.

Like I say, after bills and living expenses .......I could have saved 25% of each paycheck had I wanted to. How many working families could do that today? Save a quarter of their takehome? Not many.....to say the least.


Other thing is.....Wage increases never really keep pace with real inflation. It just gradually happens over time , until suddenly,... you find yourself running like a rat on a wheel never able to snag that illusive piece of cheese.....

Actually wage increases at the top very definitely have kept pace with inflation. Beaten it rather dramatically, actually.

[Whisky Dude]

Actually wage increases at the top very definitely have kept pace with inflation. Beaten it rather dramatically, actually.

Maybe so, like I say ,...inflation has its most crippling effect on the middle class and working poor.

[pcf]

Either your not understanding me, or im not understanding you. The point I was trying to make is that in 1984 I think I was living fairly well for a young kid working a menial job.

Like I say, after bills and living expenses .......I could have saved 25% of each paycheck had I wanted to. How many working families could do that today? Save a quarter of their takehome? Not many.....to say the least.


Other thing is.....Wage increases never really keep pace with real inflation. It just gradually happens over time , until suddenly,... you find yourself running like a rat on a wheel never able to snag that illusive piece of cheese.....

$7.50 in 1984 is the equivalent of $16.00 now.

$79 is about $172 now. $20 is about $43 now.

Prices would seem equivalent, but not the wage for menial work.

The hardest thing would be to find a small 2 bedroom house. That's considered an anachronism and hard to sell.

Inflation really isn't our economic problem. Deflation could kill us.

[burford]

Inflation really isn't our economic problem. Deflation could kill us.

Tell that to the Weimar Republic.

[NewfoundlandFrog]

Tell that to the Weimar Republic.

I think that's what he meant by it not "our" problem!

It definitely was "their" problem. Quite true! Or at least I think so until George Will says different!

[fnfreebird]

What you've been told isn't the whole story:

Planned Parenthood all about women's health? Hardly

And guess what? Now the majority of mothers under 30 are unwed:

Single moms now a majority

Good work, libs...

The real design from their 'man' behind the curtain?
Isn't it actually likely that then entire industry was designed as little more than a:
"rituals from innocent blood required in payment for occult knowledge gained from communications with evil supernatural intelligences."
- Just sayin....
Because the deeper one studies all this the uglier it gets.

[burford]

And nearly all of those poor kids are destined to life of poverty and broken homes. Statistics prove it time and time again. Yet, try criticizing it and see how quickly you are branded an evil hateful conservative. Millions upon millions of children with hardly a future at all due to the left's ideology and WE are the ones who don't care for the poor. Give me a flying break.

[George F. Will]

$7.50 in 1984 is the equivalent of $16.00 now.

$79 is about $172 now. $20 is about $43 now.

Prices would seem equivalent, but not the wage for menial work.

The hardest thing would be to find a small 2 bedroom house. That's considered an anachronism and hard to sell.

Inflation really isn't our economic problem. Deflation could kill us.

The current economy is the result of inflation. However, deflation in the housing market has hidden the CPI index hikes. Look at each component and the price change. Then look at food & energy which are not included in core CPI. Inflation hurts the poor the most becuase they are least able to hedge against a devaluing currency.

[George F. Will]

Below is an interesting chart showing the difference between two towns. It is from Charles Murray's book Comming Apart.




The Fishtown folk at the top of the graph have never attended college. The Belmont people at the bottom have at least a bachelor’s degree. On average, the Fishtown folk are poor. The Belmont folk are much richer.

[George F. Will]

Heres is another chart that looks at the proportion of children who have done better than their parents.

[IronSkillet]

Interesting charts George. I have little more than a layman's understanding of economics in general, but socioeconomic studies like this one really fascinate me.

BTW, I think fnfreebird just insinuated that planned parenthood is being directly orchestrated by Satan. Still surprises me somehow.

[pcf]

The current economy is the result of inflation. However, deflation in the housing market has hidden the CPI index hikes. Look at each component and the price change. Then look at food & energy which are not included in core CPI. Inflation hurts the poor the most becuase they are least able to hedge against a devaluing currency.

We've not had inflation in labor costs. Sure, we've had rising prices in some areas, but we've also had deflation in others.

The working poor have seen both nominal and real wage losses, with fewer good paying jobs to move up to.

[burford]

Interesting charts George. I have little more than a layman's understanding of economics in general, but socioeconomic studies like this one really fascinate me.

BTW, I think fnfreebird just insinuated that planned parenthood is being directly orchestrated by Satan. Still surprises me somehow.

What I take from all this is that the bottom quintile of blacks is $36,000 a fricking year.....and that is poor and I should be required to give up another $10-20K a year for that? Let me think.....hell, no.

[burford]

The working poor have seen both nominal and real wage losses, with fewer good paying jobs to move up to.

...and why should they when the government will pay them unemployment for 2 years and the total in government assistance is more than what they could make working for a living? What would you do?

[Spike]

...and why should they when the government will pay them unemployment for 2 years and the total in government assistance is more than what they could make working for a living? What would you do?

wwpcfd?

[burford]

wwpcfd?

Good one. Awww, pc would probably look around and try to find somebody with some cash and insurance and find a way to sue them and get a settlement. Pretty SOP in the legal profession.

But how do, Spike? Haven't seen much posting from you here lately.

[George F. Will]

We've not had inflation in labor costs. Sure, we've had rising prices in some areas, but we've also had deflation in others.

The working poor have seen both nominal and real wage losses, with fewer good paying jobs to move up to.

True, in every recession we have experienced real wage losses and reduced federal revenues. Right now the supply of workers exceeds demand, which as you know places downward pressure on wages.

Unfortnately, the CPI is the best measure we have (which is poor, I know) but it measures the costs of consumer goods, not labor costs.

[George F. Will]

...and why should they when the government will pay them unemployment for 2 years and the total in government assistance is more than what they could make working for a living? What would you do?

Just had a friend that decided that it was time to look for a job again because her unemployment was running out...

[The Uniballer]

Seems like a good old fashioned Works Program would make everyone happy.