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The average tech wage today is comparable to everyone's average household income in 1980, relative to median home price in the US. Compare the S&P 500 relative
by linuxftw 7y ago
The average tech wage today is comparable to everyone's average household income in 1980, relative to median home price in the US. Compare the S&P 500 relative to median income and we're even worse off.
On one hand, working in the tech sector is not a bad place to be. On the other hand, we're no better off than the average person in 1980, relative to their peers. Minimum wage was $3.10 in 1980, it's just $7.25 today (federal). Seems we've done everything we can to destroy domestic labor over the last 40 years.
- war1025 7y agoMaybe because I graduated college / entered the workforce through the peak of the recession, but I've found that I tend not to compare my living standard with those I grew up in nor those that my parents grew up in. Yes, I think we probably took several wrong turns along the way, but here is where we are, and I find that I am much more content with things if I just accept right now as my baseline. Compared to many (most?) of the people I associate with, I'm doing pretty darn well.
- linuxftw 7y agoI'm generally content with my position in life, but I'm not content with where most people are.