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Not that you were arguing against the point I'm going to make, but ddjusting for inflation, even those in good white-collar jobs are making way less money, and
by taude 2y ago
Not that you were arguing against the point I'm going to make, but ddjusting for inflation, even those in good white-collar jobs are making way less money, and then add the cost of housing (or trying to buy a house) into the mix, and it's downright depressing.
I was just looking at a place that was $240K in 2007, and it now costs 1.05M. My wages didn't go from 150K to 600K in that same time period.
- toomuchtodo 2y agoWhen wage minimums aren’t tied to inflation, we’re stealing from those with the least to increase returns.
- nickff 2y agoMany peoples’ wages went from 0-150k in that period. There were many layoffs during the Great Recession, and comparing asset values from then to now (a point at which there has been ~15 years of secular growth) is absurd.
- chii 2y ago> My wages didn't go from 150K to 600K in that same time period. the thing is, there are people who did have such an increase (in wealth, if not by income). Therefore, the value of said house is higher, because those people who did have wealth increases want those houses.