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Here's the actual data broken out for a variety of locations (I see someone else found the whole country): https://fred.stlouisfed.org/release?rid=439 https://f
by dghlsakjg 2mo ago
Here's the actual data broken out for a variety of locations (I see someone else found the whole country): https://fred.stlouisfed.org/release?rid=439 https://fred.stlouisfed.org/release?rid=439
The data don't support the story you are telling, at least not on a 17 year time scale. Most places including LA and New York actually show the opposite. Real wages are rising faster than cost of living in the long term just about everywhere in the US.
I understand the argument, and housing is a problem, but there just isn't much to support the doom and gloom narrative if you don't use cherry picked data from opeds. I suspect that a lot of people have distorted views about what they should be able to afford.
- astura 2mo ago>The data don't support the story you are telling, at least not on a 17 year time scale. Most places including LA and New York actually show the opposite. People point to the 1960s as the "golden age" where everyone could afford everything on a single person working an easy entry-level job. However, that is also a meme, not reality. According to the census bureau median family income in 1960 was $5,600, which is $58,946.59 in Jan 2024 dollars. It's $83,730 in 2024. For individual males, in 1960 it was $4,100 ($43,157.33 Jan 2024 dollars) and $71,090 in 2024. Sources: https://www.census.gov/library/publications/1962/demo/p60-037.html https://www.census.gov/library/publications/1962/demo/p60-03... https://www.census.gov/library/publications/2025/demo/p60-286.html https://www.census.gov/library/publications/2025/demo/p60-28... https://data.bls.gov/cgi-bin/cpicalc.pl https://data.bls.gov/cgi-bin/cpicalc.pl
- DangitBobby 2mo agoUsually when people say things were better back in the old days they talk about what that money could get you, not inflation adjusted dollars.
- halls-940 2mo agoYou're conflating income and wages. People are working more hours so income increases while wages are flat. And people who aren't full-time aren't counted in that income figure.
- dghlsakjg 2mo agoHow so? The source I provided specifically does not look at total income but real wages compared to cost of living. Did you look at the data you are arguing against? Also, you are wrong about people working more hours. Here's the actual numbers. We are working slightly fewer hours than we have been on average for the past 20 years: https://fred.stlouisfed.org/series/AWHAETP https://fred.stlouisfed.org/series/AWHAETP. Has it occurred to you that the data really just doesn't support your perception? People have been giving you sources that refute what you are saying at every level. I get it. I keep reading and seeing people talk about how awful everything is, but I just can't find hard evidence that this is the case on a broad basis. You should look into the concept of the "vibe-cession". People are convincing themselves that things are getting worse based on talk and perception, and, well, one of the limits of humanity is that perception is reality inside your head.