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> working class salaries have stagnated and shrunk relative to baseline inflation, and definitely shrunk relative to household costs like healthcare and gasoli
by lotharbot 16y ago
> working class salaries have stagnated and shrunk relative to baseline inflation, and definitely shrunk relative to household costs like healthcare and gasoline.
The way "baseline inflation" is measured (through the CPI) involves a growing baseline. Salaries/incomes have stagnated relative to that not-really-a-baseline, but that's not really a meaningful way to look at working class economics.
I know yummyfajitas has challenged you on this point in the past, and I don't recall seeing you ever answer it, so I'm going to repeat it: over the time period in question, can you produce any reasonable list of "household costs" under which working class families now are not better off than working class families in the 1960s?
Even gas prices aren't very far outside the norm. In 1960 a gallon of gas was 31 cents and the "national wage index" was right around 4000; at the start of this year a gallon of gas was $3.09, and the most recent NWI data I can find (2009) was just over 40,000. This summer's run-up is not out of line with past fluctuations.
- jbooth 16y agoSigh. Guess I'll have to retract my comments, in light of how great the working class has done the last 15 years or so. This isn't an argument about statistics and how to fudge them (seriously spend some time in NH or KY or MI, take a look at what your company pays for your healthcare and contemplate paying that out of pocket on minimum wage). This is about whether or not unions have been systematically demonized for the last 30 years (they have) and whether advertising works (it does).
- lotharbot 16y ago> This is about whether or not unions have been systematically demonized Then why were you talking about how badly the working class is doing, particularly due to health care and gasoline costs, both in the previous post and this one? You can't argue something and then declare it off-limits for discussion because we're really talking about some other point. If you want to talk about how the working class is doing, face my question directly, instead of dodging it with a sarcastic jab about how great the working class is doing. Explain how working class people have a harder time affording any reasonable list of goods from the 1960s vs today. I will grant you that health insurance is ridiculously expensive, with the caveat that insurance is a stupid way to pay for most health care. I will argue further that even once you account for the massive increase in health care costs, the working class is generally much better off financially than in the 1960s (speaking of fudging statistics, how about the sudden shift from "the last 40 or 50 years" to "15 years ago at the height of an economic boom / asset bubble"?)