Quote:
Originally Posted by serger
See how much health insurance or college tuition or day care is compared to 1970,80,90, or even 2010.
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See how much technology exists compared to 1970, 1980, 1990 or even 2010.
Annual healthcare costs are driven by technology (up to 65%) and consumer demand for healthcare (up to 36%).
Source: United States Government General Accounting Office GAO-13-281
PPACA and the Long-Term Fiscal Outlook, January 2013 pp 31-36
Sorry, the Enchanted Unicorn doesn't fly around gifting technology to people for free.
Quote:
Originally Posted by FirebirdCamaro1220
Why don't we just ask low wage workers to pay their bosses for the privilege of working while we're at it?  #sarcasm |
What happened?
Your handlers couldn't figure out how to tell you to craft a cogent response?
Quote:
Originally Posted by roodd279
This thread is all over the place, so I'll just throw my question out there. Don't flame me - I'm just asking the question, not (intentionally) being an instigator.
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Hi roodd279, I'll put the nukes away.
Quote:
Originally Posted by roodd279
In 1970 - min wage was $1.60 / hr. That was the "good old days" of minimum wage. One year’s wages could buy an average new car, while 7 years could buy an average new house.
In 1980 -3.10 - A year's pay was "half" a new car, and 10 years pay was a house.
In 1990 - 3.80 - A year’s pay was a bit less than "half" a car, and 12 years for house…
In 2000 - 5.15 - That's half a car in a year, and 11 years for a house...
In 2010 - 7.25 - That's still half a car, and still 11 years for a house...
And now
2020 - Minimum wage hasn't moved - but still - a new ford fiesta is $15K a year. So at $15/hr you can buy TWO of those. Minimum wage was never - ever - that good.
Looking at it that way - all that has changed in 50 years is your expectations. I am trying to figure out why the sudden emphasis on the change. It has not been possible – since at least 1970 – to make a go of things on minimum wage.
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Would you like me to point out the fatal flaws in their lame claims?
My father bought a 1972 Ford Pinto for $2,274 I think it was.
That Pinto did not have power windows.
It did not have power door-locks.
It did not have rear-door child safety-locks (granted it was only a 2-door anyway).
It did not have power side-view mirrors. In fact, it only had one side-view mirror and not two.
It did not have power seats.
It did not have heated seats.
It did not have a driver's side air-bag.
It did not have a passenger side air-bag.
It did not have a driver's side curtain (to reduce the potential and severity of head injuries).
It did not have a passenger side curtain.
It did not have cup-holders.
It did not have air-conditioning. Well, yeah, I could always manually roll the windows down.
It did not have a radio. It most certainly did not have a radio with satellite capability.
It did not have a voice-activated computer console that had maps to that spoke to you and told you when and where to turn when giving directions.
It did not have internet capability.
It did not have a rear-window defroster.
It did not have a safety-latch in the trunk in the event you're imprisoned in your own car (or someone else's car trunk).
It did not have cruise-control.
It did not have electronic ignition.
It did not have computer-controlled fuel-injection.
It did not have a computerized emission control system. In fact, it had no emission controls at all.
It did not have anti-lock brakes.
It did not have a collision warning system.
It did not have a lane-change warning system.
It did not have automatic braking.
It did not have halogen headlights.
It did not have a rear-deck brake light.
It did not have side-mounted turn signal indicators in addition to the front and rear mounted turn signal indicators.
It did not have a car alarm.
It did not have an anti-theft system.
It did not have remote ignition.
I'm sure I left a few things out, but you should get the idea.
If you put all those things on a 1972 Ford Pinto, would it still cost $2,274?
Nope. It would cost about $30,000+
With respect to houses.....
In 1970, a typical house was 1,200 square feet. They were still building houses with car-ports. For those who don't know what a car-port is, think of it as an umbrella for a car.
Today, the average home is 2,687 square feet.
And, the norm is a 2-car garage instead of a single garage or car-port, and the garage is not part of the living space. Many homes being built now have 3-car garages.
How much do you think a 2,687 sq ft home with a 2-car garage would cost in 1970?
Are you paying more? Numerically, yes, but you're getting a helluva lot more too.
In Economics, we examine such things.
Does your TV cost more or less than in 1970?
You now have a programmable cable-ready High-Definition remote-control TV with stereo sound and the ability to add gaming consoles, surround sound speaker systems, DVD players and other devices, and it weighs 1/10th of what a TV weighed in 1970 and is 90% smaller in volume while having the versatility to be mounted on walls or placed anywhere you desire.
Oh, and screen size. 70" screens were non-existent in 1970.
You're going to mount that 126 pound behemoth on the wall in your entertainment room?
I don't think so.
Note the humongous giant-ass 16" screen.
Yeah, 16" that was huge.
And, no, that's not stereo, that's twin mono speakers.
Anyway, a TV today costs a fraction of what TV's cost in the 1970s.
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