US Wages Finally Get Back to Where They Were in 1973
thesoundingline.com
US Wages Finally Get Back to Where They Were in 1973
1–10 of 93 posts
Re: US Wages Finally Get Back to Where They Were in 1973
#2High tariffs on imports help to bring back USA manufacturing no doubt.
All sufficiently large economies should protect their domestic industries with tariffs. Otherwise its a race to the bottom for labor wages.
Re: US Wages Finally Get Back to Where They Were in 1973
#3To be precise, for "production" and "nonsupervisory" workers. Doesn't say anything about the size of this population, and how representative it is of the general earnings potential of the US as a whole.
Re: US Wages Finally Get Back to Where They Were in 1973
#4To be precise, for "production" and "nonsupervisory" workers. Doesn't say anything about the size of this population, and how representative it is of the general earnings potential of the US as a whole.
Production and non-supervisory is most people
Re: US Wages Finally Get Back to Where They Were in 1973
#5How much did a 55” LCD TV cost in 1973? Cuz they’re $249 now.
Re: US Wages Finally Get Back to Where They Were in 1973
#6How much did a 55” LCD TV cost in 1973? Cuz they’re $249 now.
Great. Now let's do college.
Re: US Wages Finally Get Back to Where They Were in 1973
#7How much did a 55” LCD TV cost in 1973? Cuz they’re $249 now.
Can you live in a TV and eat it? Cause the average rent was $175 dollars a month
http://www.littlehouseinthevalley.com/cost-of-living-compari...
Re: US Wages Finally Get Back to Where They Were in 1973
#8Re: US Wages Finally Get Back to Where They Were in 1973
#9How much did a 55” LCD TV cost in 1973? Cuz they’re $249 now.
Can you live in a TV and eat it? Cause the average rent was $175 dollars a month http://www.littlehouseinthevalley.com/cost-of-living-compari...
Thank you for proving my point that life is very different today than it was in 1973, and that comparing wages across decades is dumb.
Re: US Wages Finally Get Back to Where They Were in 1973
#10Earlier quoted context omitted.
Can you live in a TV and eat it? Cause the average rent was $175 dollars a month http://www.littlehouseinthevalley.com/cost-of-living-compari...
Thank you for proving my point that life is very different today than it was in 1973, and that comparing wages across decades is dumb.
It's inflation adjusted wages. As in adjusted for changes in average costs of living. Most people don't spend all their money on TVs. they spend it on food, housing, transportation, clothing and other things that existed in 1973. Furthermore, they adjust the inflation figure to account for changes in the technological utility of things