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> How do you get this? I don't even know. Well one component that has changed there is that the marginal tax rate on the inflation-equivalent of a Google Direc
by dmoy 3y ago
> How do you get this? I don't even know.
Well one component that has changed there is that the marginal tax rate on the inflation-equivalent of a Google Director pay back then was 80-90%, so there wasn't really a point in enticing people with large salaries.
Also, the factory workers you mentioned could afford houses in a big city on a single income. Now a single FAANG eng struggles to do the same unless they get N promotions, and even moreso if you tack childcare costs on top.
- refulgentis 3y ago150% nailed what happened to the culture in the most concise way I've ever seen anyone do it. Absolutely not: re factory workers affording houses in big city on single income in 1960s.