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Old 02-03-2013, 10:25 PM
 
15,072 posts, read 8,629,287 times
Reputation: 7428

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Quote:
Originally Posted by TheHurricaneKid View Post
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?

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Old 02-03-2013, 11:29 PM
 
33,016 posts, read 27,451,622 times
Reputation: 9074
Quote:
Originally Posted by lycos679 View Post
That's why they are getting the good bailouts. Being a homeowner doesn't make one not poor though. That is a bad metric to use.

I've never seen a poor person buy a home on the open market,
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Old 02-03-2013, 11:44 PM
 
33,016 posts, read 27,451,622 times
Reputation: 9074
Quote:
Originally Posted by InformedConsent View Post
You complained about what he earned.

Maybe the complaint was about whether he really earned it?

I did floor care and cleaned restrooms and worked alongside other government workers who were paid 5x my wage for emptying office waste baskets.

Did the others really earn 5x what I earned?
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Old 02-03-2013, 11:47 PM
 
11,768 posts, read 10,260,372 times
Reputation: 3444
Quote:
Originally Posted by freemkt View Post
I've never seen a poor person buy a home on the open market,
You haven't been paying attention then. Look at home prices in Detroit. I bet I could buy a house for less than a car.
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Old 02-03-2013, 11:47 PM
 
33,016 posts, read 27,451,622 times
Reputation: 9074
Quote:
Originally Posted by InformedConsent View Post
Wow.

You've clearly never seen a Rube Goldberg competition.


History of the Rube Goldberg machine contest

Only a Rube would design a convoluted 20-step solution when only 2 steps are needed.
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Old 02-03-2013, 11:50 PM
 
1,065 posts, read 1,311,686 times
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Quote:
Originally Posted by freemkt View Post
Only a Rube would design a convoluted 20-step solution when only 2 steps are needed.
Actually, a rube wouldn't see that the design of a Rube Goldberg machine forces the designers to solve multiple problems at once.
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Old 02-04-2013, 06:26 AM
 
Location: the very edge of the continent
89,002 posts, read 44,804,275 times
Reputation: 13697
Quote:
Originally Posted by DivineComedy View Post
Actually, a rube wouldn't see that the design of a Rube Goldberg machine forces the designers to solve multiple problems at once.


And those who lack critical thinking skills would never understand that.
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Old 02-04-2013, 06:45 AM
 
Location: Orlando
8,276 posts, read 12,857,391 times
Reputation: 4142
Quote:
Originally Posted by workingclasshero View Post
and 50% make more THAN 50K

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
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Old 02-04-2013, 09:05 AM
 
7,300 posts, read 6,731,683 times
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Quote:
Originally Posted by AeroGuyDC View Post
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.
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Old 02-04-2013, 09:14 AM
 
Location: the very edge of the continent
89,002 posts, read 44,804,275 times
Reputation: 13697
Quote:
Originally Posted by Saritaschihuahua View Post
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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