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> This assertion doesn't pass the smell test, unless you believe that the median working-age US household by income had a worse standard of living in 2013 than
by _Tev 9y ago
> This assertion doesn't pass the smell test, unless you believe that the median working-age US household by income had a worse standard of living in 2013 than it did in 1973.
Actually you are the first one I see to dispute this. Do you base these smell tests/beliefs in any public data? I would like to see the source to have something to dispute this frequently stated claim.
- twoodfin 9y agoLet me reverse this: What do you think was better about life for the median working-age US household in 1973? Their house was smaller. Their car was less safe, less reliable and guzzled gas. They had no internet, no mobile phones and only 3 television networks. Eating at a restaurant was a monthly indulgence at best. Air travel was a luxury. Their children could expect to have seven fewer years of life, and were markedly less likely to go to college. Think about how much someone would have to pay you to live a 1973 lifestyle, and it should be obvious why claiming there have been 40 years of “stagnation” is nonsense.
- _Tev 9y agoNice strawman. Discussion was about real wage growth (vs. productivity gains). Quality of life != wages And FYI many people view U.S.quality of life as garbage, so maybe there really is not much growth to brag about.