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Many New Yorkers likely have income in that range via the under ground economy .. you will never really know the numbers ..you have quite a few working partially off the books up that high too
I have for over a decade or so. However thanks to the liberal cesspool that is NYC, you'd think I earned half that. What I'd give to go back to 1980s NY and making $100k (I was still a kid). I can only imagine how much fun that must have been.
Girlfriend earns over $100,000. Last she told me around $104,000, but I think she's had a raise since then. I don't earn over $100,000 but do good enough. Funny thing is she earns more than me, but complains about being broke all the time.
Last edited by pierrepont7731; 01-24-2019 at 11:04 AM..
I have for over a decade or so. However thanks to the liberal cesspool that is NYC, you'd think I earned half that. What I'd give to go back to 1980s NY and making $100k (I was still a kid). I can only imagine how much fun that must have been.
You, uh, you know how inflation works, right? $100K salary in 1980 would be the equivalent of about $300K today.
Perhaps they are not the only ones who don’t understand price increases . Because if you did you understand that all inflation and price increases are not the same . Nor should all price increases be adjusted out by wanting to increase the income side just because .
Having the price of tomato’s go up because a storm destroyed a crop does not mean your boss owes you a raise .. over using resources or not building enough supply of homes does not mean anyone owes you a raise ..
Stop over consuming and over using creating excess demand on supply and many things go down in price . We found more oil ,, we cut usage and oil prices fell from where they were 10 years ago .
So not all inflation is monetary inflation which requires incomes to be adjusted like wise ...
some are push pull ,supply and demand price increases ,and should get no monetary adjustment .it is just the fact supply and demand drove prices higher and you need a way of earning more income , not treating the dollar like it should have to be adjusted like it would if we suddenly printed 2x the dollars
some inflation over the years is from an expanded money supply , but most of it is just plain old the price went up and it requires no monetary adjustment in income automatically because it is not the fact the money supply increasing did it.
Cut demand and many prices will fall back down
Last edited by mathjak107; 01-24-2019 at 01:07 PM..
Edit: Per Census data about 31% of NY'ers earn six figures or more. Link
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