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Old 12-09-2013, 06:24 PM
 
Location: DFW - Coppell / Las Colinas
30,066 posts, read 34,988,786 times
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Quote:
Originally Posted by nicet4 View Post
In 1950 the average new house built in the United States was 948 sq. ft. with one bathroom and a one car garage. You wanna guess why the average middle class home had only a one car garage?.
Ever see the Master Closet in those homes ? Take a guess why they were so small.
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Old 12-09-2013, 06:32 PM
 
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Quote:
Originally Posted by Rakin View Post
Ever see the Master Closet in those homes ? Take a guess why they were so small.
Thank you for pointing that out.

I've got an older house and the original master closet measures 3'x5'.

Answer: Because you had your Sunday best and three or maybe four changes of work clothes.
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Old 12-09-2013, 07:15 PM
 
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Quote:
Originally Posted by nicet4 View Post
Thank you for pointing that out.

I've got an older house and the original master closet measures 3'x5'.

Answer: Because you had your Sunday best and three or maybe four changes of work clothes.
No idea, but I lived in one for a while. Probably a similiar idea.
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Old 12-09-2013, 07:21 PM
 
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Quote:
$1.25 an hour back in 1968 was NOT equivalent to $20 an hour today.
In 1968, the federal minimum wage was set at $1.60 per hour, which is the inflation-adjusted equivalent of $10.74.
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Old 12-09-2013, 07:22 PM
 
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Quote:
Originally Posted by 2tall View Post
75 cents an hour!
No, in the 50's it was .75/hr. the equivalent of 7.27 today

In 1960 it was $1, the equivalent of 7.89 today

In 1974 it was $2, the equivalent of 8.47 today.

Today its $7.25.

More in some states.
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Old 12-09-2013, 07:26 PM
 
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Quote:
Originally Posted by tablemtn View Post
In 1968, the federal minimum wage was set at $1.60 per hour, which is the inflation-adjusted equivalent of $10.74.
Lets be fair, 1968 is a cherry picked date. Thats the highest minimum wage.

Lets also be fair and point out that until 1968 minimum wage and productivity closely followed each other, and if they had continued to do so minimum wage would be around $20.

$15 is a compromise number in some ways....
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Old 12-09-2013, 07:38 PM
 
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Quote:
Lets be fair, 1968 is a cherry picked date. Thats the highest minimum wage.
That's true. However, I think the entire approach many people are taking here (fairness vs. unfairness) is beside the point. The question I find more interesting is whether or not higher wages at the low end of the economic scale were good for the country. I would argue yes. It's clear that they have beneficial social effects.

So once we've established that decent wages are preferred, the question is mostly an administrative/financial one. Can we afford it? After all, Bangledesh's workers could use a pay raise, too, but that country's resources are more limited.

In the US, though, yes, it can be afforded. American corporations have done quite well in recent years and decades. We have a large GDP and a minimum wage of $15 or so is hardly a big distortion.

That's the argument I'd make. "Fair" or "unfair" have little to do with anything, since those terms can be argued to death either way.
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Old 12-09-2013, 07:42 PM
 
2,226 posts, read 1,699,161 times
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Quote:
Originally Posted by 2tall View Post
Because no one would pay $18 for an extra value meal.
Then one more fast food chain would go out of business.....no loss. We did fine from the 50s thru the 70s if very few of them, then when we got them on every street corner, obesity epidemic! Let them close. Bring back sack lunches and good manufacturing jobs.
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Old 12-09-2013, 07:52 PM
 
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High Paid dirty low skilled manufacturing jobs for native Americas, that ship has already sailed!
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Old 12-09-2013, 08:16 PM
 
47,576 posts, read 59,230,614 times
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Quote:
Originally Posted by nicet4 View Post
Because restaurant workers and retail clerks were never well paid even in the 50's and 60's.

In 1950 the average new house built in the United States was 948 sq. ft. with one bathroom and a one car garage. You wanna guess why the average middle class home had only a one car garage?

How much do you suppose it would take to live a middle class existence if you moved into a 948 sq ft house having one bathroom and you owned but one car? While you are at it save money by not purchasing cable television, internet connections, personal computers, video games or cell phones for starter. Go back like we did in the 1950's and opt for a party line phone and do not make any long distance calls.

The notion that we had it so much better in the 50's and 60's always seems to be set forth by those that weren't even alive yet.
And one television in the living room, unheard of for each kid back then to have an HDTV all to himself, one landline telephone, no cell phones with unlimited text and data, no cable television, no computer, no tablet, no x box with $60 game disks, no internet, no air conditioner.

A family back then probably owned one car, kids often wore hand me downs. The typical nice home in the 60s would be scoffed at by even the welfare moochers of today.
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