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The new camaro has new safety and comfort features though. The car did turn more expensive but it has new stuff as well. An equivalent car would be a kia these days, even if it doesn't look that good.
Also, you earned 10 bucks an hour, the equivalent of 28 today.
So I'm actually not alive now, and don't understand what it's like now, but you do? And you know more about what it was like back then, even though you were not even born?
and that 1% that exceed the 350k market skew the numbers so bad because a few hundred make in excess of $245,000/hour. numbers like this when removed would likely draw the average closer to $15/hr
Read the thread. The point is to promote discussion. Give it a shot. You might learn something.
The problem is that the original post says this:
Quote:
The average hourly non-farm wage in the United States is $23.78. That equals to $49,462 per individual OR $98,924 per two worker household ANNUALLY!
There is absolutely NO REASON why the average worker in the United States cannot live off of these wages.
Discussion? Fine. However, average is the total income in the U.S., (which includes all the individuals making mega-millions of dollars) divided by the number of workers in the U.S. Since those who make mega-millions are averaged into that, it skews the wages of those who make $8,000/year to your quoted average of $49,462 per year, making it seem as if the huge # of people living in poverty or in subpoverty, are actually doing better, which they're not.
What was needed for a discussion was a graph of salaries in the U.S., as someone else provided.
Discussion? Fine. However, average is the total income in the U.S., (which includes all the individuals making mega-millions of dollars) divided by the number of workers in the U.S. Since those who make mega-millions are averaged into that, it skews the wages of those who make $8,000/year to your quoted average of $49,462 per year, making it seem as if the huge # of people living in poverty or in subpoverty, are actually doing better, which they're not.
Of course they're not. Their birth rate is 3 times higher than everyone else's. How is that going to help them work their way out of poverty?
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