2 ms·
Entirely the rent, and the rent seeking, and the complete lack of housing, sheer greed that drives all the problems. Hidden deeply on another page someone refe
by mjevans 5y ago
Entirely the rent, and the rent seeking, and the complete lack of housing, sheer greed that drives all the problems.
Hidden deeply on another page someone references a site with numbers from 50 years ago, 1971. (#1) I don't really care what the agenda of that site happens to be; but the numbers. Compare the numbers to today:
Everyone is FAR worse off today and in my generation.
US nationally (today 2021) about 85K is equivalent to the cited 25K 1971 numbers. :: ~10X cost of living (edited, I unconsciously compared to the wrong number.)
Seattle is far more distorted, with housing beyond out of control (I don't know what kind of house was being looked at for the 1971 numbers, but it really doesn't matter, there's almost nothing even remotely near the national price within the region).
Seattle's rent is completely out of control; beyond any rational measure. No wonder neither I nor my generation can make any savings; it's all being consumed by rent seeking land owners.
Income 10600 %Income71
House 25200 237.736
Car 3600 33.962
RentYear 1800 16.981
UniYear 2600 24.528
Gas5000mi 100 0.943
Mail500invite 40 0.377
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USA 2021 Equiv71
House 269000 113151
Car 30500 89806
RentYear 14400 84800
UniYear 26100 106408
Gas5000mi 483.33 51233
Mail500invite 290 76850
-
Seattle 2021 Equiv71
House 750000 315476
Car 30500 89806
RentYear 36000 212000
UniYear 31200 127200
Gas5000mi 533.33 56533
Mail500invite 290 76850
#1 https://news.ycombinator.com/item?id=27476654 https://news.ycombinator.com/item?id=27476654
#2 https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/
- azemetre 5y agoYou should look into the Powell Memo and how corporations and big business galvanized around the idea of destroying the working class and unions. https://en.wikipedia.org/wiki/Lewis_F._Powell_Jr.#Powell_Memorandum,_1971 https://en.wikipedia.org/wiki/Lewis_F._Powell_Jr.#Powell_Mem... The timing also coincides with the idea of neoliberal economics starting to take hold. Most famously in NYC when the city almost went bankrupt.