4 ms·
It is a slideshow. Here are the topics: 1) U.S. Population: 395 million 2) “Trillions will have the place in the vocabulary that millions had 50 years ago and
by pgrote 12y ago
It is a slideshow. Here are the topics:
1) U.S. Population: 395 million
2) “Trillions will have the place in the vocabulary that millions had 50 years ago and billions have today. Overall spending will be in the trillions. So will debt.”
3) “A population crowded into great strips of cities will be struggling to enjoy driving 200 million or more automobiles where there are 66 million now.”
4) “Supersonic transports that, within a decade or so, are to carry passengers across the American continent or to Europe in an hour and a half probably will be in the process of being replaced by rocket transports capable of cutting that time in half.”
5) “China within a half century will be pushing past 1.5 billion people and will face a desperate need for more space. If the world is to see a nuclear war, that war might be one fought between Russia and China for control of the wide-open spaces of Russia’s Far East.”
6) “An American in another 50 years long since will have been on the moon. Space will have become an element of supporting defense platforms, communications satellites, maybe launching platforms for ventures not yet dreamed of.”
7) “Hydrogen weapons will have proliferated among many nations of the world. China is sure to have them. France will, too. So will Germany. Israel and Egypt may. American officials place at 15 or 20 the nations that will have nuclear weapons before the end of his century.”
8) “If the record of the past is repeated, the dollar of 2014 will be an 11-cent dollar in terms of 1914 … In terms of today that value will have been cut by 67 percent.”
9) “The 60-hour week of 1914 that became the 40-hour week of 1964 probably will be the 30-hour workweek of 2014 – a six-hour day five days a week. Average family income, now $7,800 a year, is likely in another half century to exceed $20,000 a year in 1964 dollars.”
10) “Life in 1964 may appear as the ‘good old days’ when contrasted with the scramble for an existence in the crowded turmoil of a concentrated, automated and computerized world of tomorrow. It will be a world moving at rocket-like speed.”
- taylorbuley 12y agoAdjusting for inflation, $7,800 in 1964 is $59,858.71 in 2014 dollars http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=7%2C800&year1=1964&year2=2014 http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=7%2C800&year1=1... $20,000 in 1964 dollars is $153,483.87 in 2014 dollars. http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=20%2C000&year1=1964&year2=2014 http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=20%2C000&year1=...
- simulate 12y agoThanks for the stats. That means the actual median income of $53,046 between 2008 - 2012 is about 10% lower than the median income 50 years ago, adjusted for inflation. I knew real income was lower over the past twenty years or so, but negative real income growth for the last 50 years is much worse than I thought.
- pachydermic 12y ago$20,000 in 1964 equates to $153,483.87, according to [1]. The population of china is currently 1.365B, according to [2]. A dollar today is equivalent to $0.04 in 1914 according to [1]. I should add at this point that there are a lot of different ways to measure inflation. The number of passanger vehicles is around 250 million in the US today - how many of those are "cars" is up to interpretation. [3] 1: http://data.bls.gov/cgi-bin/cpicalc.pl http://data.bls.gov/cgi-bin/cpicalc.pl 2: http://en.wikipedia.org/wiki/List_of_countries_by_population http://en.wikipedia.org/wiki/List_of_countries_by_population 3: http://en.wikipedia.org/wiki/Passenger_vehicles_in_the_United_States#Total_number_of_vehicles http://en.wikipedia.org/wiki/Passenger_vehicles_in_the_Unite...