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In reply to the discussion: A two-income family today is poorer than a one-income family was in the 1970s [View all]KakistocracyHater
(1,843 posts)41. do they realize that the "public sector" is basically their nation?
do they know this? because if anyone were to think ahead & say, ok, now ALL the government is gone, no dept of labor, education, no epa-wth do think they have left, except a Third World nation?
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A two-income family today is poorer than a one-income family was in the 1970s [View all]
kpete
Jun 2012
OP
I just wonder what's still keeping the cups and saucers spinning in the air
aint_no_life_nowhere
Jun 2012
#6
That's a lot of it and a great example of lying with figures and statistics.
Egalitarian Thug
Jun 2012
#42
And workers could be making that kind of money before they graduated high school in 1973
NNN0LHI
Jun 2012
#7
and back then employers expected to train on the job and pay you while you learned
SoCalDem
Jun 2012
#106
I would think that median income when figured using the kind of wages the billionaires get would
jwirr
Jun 2012
#17
The real story here is not the median but the mode. The divide had expanded so far that those above
Egalitarian Thug
Jun 2012
#43
I'd be glad to help with the barbecue ... even though I'd avoid them in my diet.
TahitiNut
Jun 2012
#110
We need to tax more than income, income tax is a canard to distract us from
Egalitarian Thug
Jun 2012
#44
I don't know what it will take to wake up tea party types to these facts.
senseandsensibility
Jun 2012
#14
Many jobs could be accessed via public transportation, too. You know, that thing
valerief
Jun 2012
#21
So many "out of pocket" expenses raising children now, far more than before also
newthinking
Jun 2012
#67
Um, mathematic? Are those figures adjusted for purchasing power (you know, the cost of living?)
Romulox
Jun 2012
#25
If it is not adjusted then the census folks are pretty useless at giving us good information.
dkf
Jun 2012
#26
I don't think yours is a safe assumption. Moreover, guessing shouldn't be required. nt
Romulox
Jun 2012
#27
Let me understand the thesis implicit here: despite huge decreases in household wages,
Romulox
Jun 2012
#62
Poster won't be able to do that because the methodology for calculating inflation is not constant
NNN0LHI
Jun 2012
#35
In what way do you find the CPI-U-RS to be insufficent as a "purchasing power index"?
mathematic
Jun 2012
#59
Well, for example, they're not arguing we *can afford* new cars as readily. They've decided instead
Romulox
Jun 2012
#63
Most who are old enough to have worked 30 years ago know that the government figures do not reflect
newthinking
Jun 2012
#66
"All other things held constant" means ALL other things held constant. It's literal language.
Romulox
Jun 2012
#80
"All things held constant" means the PRICE IS THE SAME. It's the *literal* meaning of the phrase.
Romulox
Jun 2012
#87
And you somehow try to use this as justification that CPI should not adjust for quality
mathematic
Jun 2012
#99
I notice you skipped the parent's basement example, btw. It's an indictment of your methods, imo. nt
Romulox
Jun 2012
#81
Similarly, the *quality* of parent's basements is surely rising, what with broadband and all...
Romulox
Jun 2012
#64
Just *AMAZING* that anyone dare pose a question that you aren't able to answer. How rude! nt
Romulox
Jun 2012
#94
Just to be clear: not being an "economist", I notice various factors are typically excluded from
Romulox
Jun 2012
#31
Agreed. It's based on the author's assessment of what consumers *should* want, not what they do--
Romulox
Jun 2012
#65
I find it pragmatically useful to regard the CPI as a "Keep Up With The Joneses" Index.
TahitiNut
Jun 2012
#69
Hard to contextualize "keeping up" when workers are demonstrably *falling behind* though... nt
Romulox
Jun 2012
#89
Do your calculations account for the increase in hours worked sans compensation?
TalkingDog
Jun 2012
#49
This poster speaks with such confidence, but following the subthreads, it's all backpedaling. nt
Romulox
Jun 2012
#88
It's actually much worse: he's arguing that "QUALITY" of life today is higher, so it doesn't matter
Romulox
Jun 2012
#112
Deregulation of the trucking indurstry cost the teamster union 300,000 good paying jobs.
demosincebirth
Jun 2012
#39