
If you made 40k in 1975 you did live like 250 today. Everyone knows how inflation work, you just think everyone always made the same. Minimum wage was $1.25. It must be nice to blame everyone else for your problems.”I can’t buy a house, they’re too expensive and 4.4% interest??…fuck my parents”… Your parent’s 1980 lender: “Ok $90,000 for your 2 bedroom him, at 23% interest.” Do the math against a 250k @5.5% and get back to me.
Whew, listen could I have used better salaries? Of course I can admit that. However for us to be in this comment section pretending that inflation has ballooned the cost of living and that salaries aren’t catching up is stupid. The fact of the matter is a person could care for a family of 4 on a decent salary back in the 70s. Now that same family would need two decent salaries. Which is why many WORKING Americans need SNAP to survive
That was my entire point that real dollar value and interest are the issue. Inflation is a component. The reason the dollar doesn’t gain value is because of immigration (legal or otherwise) when everyone coming to your country is making less where they came from. It’s not a political statement. It’s an economic one that cannot be denied. I challenge anyone to prove me wrong.
Now you’re just making things up, I just got finished saying that a $40,000 salary in 1975 is equivalent to a quarter million dollars a year now, but you said they were struggling? Which is it, can they survive off one salary in the 1970s or couldn’t they? I’m the only one here saying that inflation isn’t the problem and that there are real reasons that wages are down am I speaking of foreign language?
I’m really not trying to be a dick, I’m trying to agree with you but point out that there are other components, but it isn’t because of whatever bogeyman you wanna fill in. It’s a multitude of reasons and most of them have to do with immigration and welfare. We can argue how much and who deserve it, but to pretend like anyone in America is going to starve is honestly laughable. You have to go out of your way to starve in America, they will put you in the hospital and force feed you.
You’re right, my apologies, you weren’t changing your argument. I misread. I’m pointing out that in your post that said in 1975, someone who made $39,000 could support a family of four. Someone else posted a $39,000 inflation adjustment for today would be a quarter million dollars. If it isn’t the welfare state and immigration then where is all of our money going? I’ll even take out immigration but that undermines your wage argument.