489
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 31 Aug 2023
489 points (96.9% liked)
News
23406 readers
1757 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
It doesn't, actually. You pay all of your workers more so some of them might buy your product, maybe?
The increase in wages for everyone will help, but then capitalists have no choice to attract labor. See: the wages now adjusted vs. the inflation
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#
This chart shows the median wage has gone up since the pandemic, even if using 2023 dollars
So the wages in the US are better than they have ever been, even inflation adjusted. You can go back as long as you want, they were not higher in the 50s, contrary to popular belief
That's just obviously false. Are you saying people who could pay for college by working summer jobs, and who could buy a car and house and raise a family on a single income were making less than people today who spend decades paying off student loans, and who can barely afford rent on a one-bedroom apartment?
https://oldurbanist.blogspot.com/2013/02/was-rise-of-car-ownership-responsible.html
home ownership and car ownership is up since the 1950s
how come more people have those things that are hard to afford than before?
In part because black people can own those things more easily now.
Sure, but people pining for the lifestyle of the 50s forget they are looking at the top 10% of incomes. Life in the 50s wasn't that good compared to now for the AVERAGE person
Except they had things like the G.I. bill which gave them money to go to college or buy a house and improve their lives. Every man who was in the military in WWII had that as an option. Maybe some didn't utilize it, but that was by choice. If you include their spouses and children, that's way more than 10% of the population.
Wages were comparatively higher too.
But I don't know anyone on the left pining for the lifestyle of the 1950s, that's something conservatives want. I wouldn't mind the wages of the 1950s (adjusted for inflation) and I wouldn't mind taxing the rich at 90%, but I sure would mind the racism and the sexism.
Adjusted for inflation, much lower than today
There were loopholes that allowed most people to pay much less, so that's why they closed those loopholes later
Evidence please.
Remind me how much rich people pay in taxes now.
We don't have good WAGE data before 1964
https://commons.wikimedia.org/wiki/File:United_States_real_wages_%28red,_in_constant_2017_dollars%29.png
but we also have household income data for earlier years
https://www.johnstonsarchive.net/policy/famincome.html
but it doesn't match 100% because what a household is differs (households used to be bigger in the 1950s)
but you can see that 1950-1964 the household incomes grew quickly, so the 1950s were a period of growth, you were a lot better off by 1970
You made a claim about 1950s income you now can't back up? Interesting.
https://www.johnstonsarchive.net/policy/famincome.html
Look at it, family income was lower
Yes, because women generally didn't work. That's a terrible metric.
But that's the argument people are making, that you could live better on one income in the 50s. But actually, not really. You would have less money, even if you include inflation. People these days have higher rates of home ownership, car ownership, TV ownership than people in the 50s.
Look at ANY metric of "having money or stuff" and people today are better off