Message from @C Dub
Discord ID: 483046261302493186
arguing with a neoliberal thot that claims ackshually, people are more well off now than the 70s
Inflation
Difference between money and spending power probably
Its def much harder to get a house and have money to afford multiple children
$117k a year is threshold for low income in San Fransisco now
More People are making more than 100k because the jobs are paying more
They pay more because the dollar is worth less
Also wives working more or at all means that households may be making more but you have to invest time to do so and costs from day care and such means people arent really living better
i think this graph is adjusted for inflation
“Inflation adjusted”
Yeah
It is
female workforce participation was high in the 70s i think
The transition from single income to dual income households I dont tihnk are considered here
dual income b/c the norm after the 50s i thought
especially when the 60s crop of hippie kids graduated
not sure but I dont think it was as prominent as now
oh ur right
dota grand finals are right now
Also with daycare costs dual income doesnt lead to that much of an increae in spending power much of the time
among other things
Spending power for a single income seems to be much lower regardless
why would you ever get in that kind of argument nigga go get some coochie
this is what i hit her with
"household poor term to ue
would like to see this done on a per capita
dual income household increase since the 70s
and nowadays, quite a lot of stay-at-home children / multigenerational working households
wealth polarization of this nature already has and will create significant untenable social friction
neoliberal policy has no effective redistributive solutions to address this"
i like dunking on shitlibs who spent 3 years getting an econ degree
then arguing ackshually, you are better off now
Np I didnt look up any data so hope I wasnt jsut bullshitting
found a pew dataset
truth is veronica..
rise up
yeah that chart above doesn't account for the growth of cities. being middle class in a rural area in 1960 was better off than making $100k and living in Chicago (could own property, have kids, etc)
yeah its pretty small brain to compare households - more households make $100k a year because now instead of the dad making $75k (inflation adjusted) the mom and dad both work and make $50k each (inflation adjusted)
The household makes 33% more but works twice as much - great trade!!!
Yeah I can afford a house/condo where I live right now but if I lived in a city I would basically be broke
Exactly, and the percent of people living in cities has gone way up so thats how you have people w/ ok jobs & college degrees going nowhere