Kamala vs the Orange Felon - Presidential Race 2024 - Polls, News, Etc...

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WelshBloke

Lifer
Jan 12, 2005
33,072
11,250
136
Supply and demand. If the farmer is only paying $5/hr, it's no surprise no one wants to work for that.
Keep raising the wages and benefits until there is a supply of workers.
Well it would have had to have been minimum wage. Which was probably about $12 back in 2020.
I get that supply and demand happens but there's a point where growing cabbage becomes unsustainable because how much can you sell a cabbage for?!
 

Jaskalas

Lifer
Jun 23, 2004
35,723
10,026
136
The median American is vastly better off today than they were in 1980.

FRED data on real median household income only goes back to 1984 but in constant 2023 dollars median household income in 1984 was ~$58k while it is ~$80k today.
You making an argument for the prevailing Republican economics of the past 40 years?
That data point feels cherry picked, to focus on income in. Income out is rather critical, such as housing and healthcare costs.
There have been endless articles these past 10-20 years that decry the loss of the Middle Class. The crushing weight felt by the working class.

Is it all for naught, do we all have massive savings / retirement accounts and not know it?
While I consider if your reply is an accurate part of the story, I do not entertain the idea that it is the whole story.
For the message flies in the face of everything I have ever known.
 

Fenixgoon

Lifer
Jun 30, 2003
33,274
12,838
136
You making an argument for the prevailing Republican economics of the past 40 years?
That data point feels cherry picked, to focus on income in. Income out is rather critical, such as housing and healthcare costs.
There have been endless articles these past 10-20 years that decry the loss of the Middle Class. The crushing weight felt by the working class.

Is it all for naught, do we all have massive savings / retirement accounts and not know it?
While I consider if your reply is an accurate part of the story, I do not entertain the idea that it is the whole story.
For the message flies in the face of everything I have ever known.
What kind of policies have generated massive income inequality over the last 50 years? Why hasn't minimum wage kept pace with inflation (let alone GDP)?
 

hal2kilo

Lifer
Feb 24, 2009
26,023
12,266
136
You are correct that people view themselves in relation to others, yes. Certainly are plenty of people who would rather make $75k and be the richest guy in town than make $100k and be the poorest.

Doesn’t change the fact that the median American is way better off. It’s like when people have nostalgia for the 50’s. Life in 59’s America was WAY worse than it is today.
Yea, never had my own new clothes (brother's hand me downs) except for shoes until I got to be about 10 or so. My kids never had to put up with that.
 

fskimospy

Elite Member
Mar 10, 2006
87,935
55,287
136
You making an argument for the prevailing Republican economics of the past 40 years?
That data point feels cherry picked, to focus on income in. Income out is rather critical, such as housing and healthcare costs.
There have been endless articles these past 10-20 years that decry the loss of the Middle Class. The crushing weight felt by the working class.

Is it all for naught, do we all have massive savings / retirement accounts and not know it?
While I consider if your reply is an accurate part of the story, I do not entertain the idea that it is the whole story.
For the message flies in the face of everything I have ever known.
This is real income so inflation is accounted for.

Because it happens gradually people don’t notice but I know when I think back to my childhood people are WAY better off than they were then and I lived in a middle class neighborhood.
 

WelshBloke

Lifer
Jan 12, 2005
33,072
11,250
136
You are correct that people view themselves in relation to others, yes. Certainly are plenty of people who would rather make $75k and be the richest guy in town than make $100k and be the poorest.

Doesn’t change the fact that the median American is way better off. It’s like when people have nostalgia for the 50’s. Life in 59’s America was WAY worse than it is today.
It's about exclusion and having a stake in the nation though.
If you are being left behind, feeling undervalued and generally getting shat on then why would you care about what's best for the country when the country doesn't care about you?
There's supposed to be a mutually beneficial relationship between the state and it's citizenship. It's what glues a nation together.
 
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ch33zw1z

Lifer
Nov 4, 2004
39,749
20,323
146
This is real income so inflation is accounted for.

Because it happens gradually people don’t notice but I know when I think back to my childhood people are WAY better off than they were then and I lived in a middle class neighborhood.

When we say better off, what are we actually saying? Like, have more stuff? Access to services? Just curious
 

DarthKyrie

Golden Member
Jul 11, 2016
1,617
1,395
146
It's about exclusion and having a stake in the nation though.
If you are being left behind, feeling undervalued and generally getting shat on then why would you care about what's best for the country when the country doesn't care about you?
There's supposed to be a mutually beneficial relationship between the state and it's citizenship. It's what glues a nation together.
The Reich broke that years ago when they dismantled the New Deal.
 
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fskimospy

Elite Member
Mar 10, 2006
87,935
55,287
136
When we say better off, what are we actually saying? Like, have more stuff? Access to services? Just curious
Have more total income so the median American can afford more goods and services than they used to. (About 40% more than in 1980)
 

thilanliyan

Lifer
Jun 21, 2005
12,057
2,272
126
The median American is vastly better off today than they were in 1980.

FRED data on real median household income only goes back to 1984 but in constant 2023 dollars median household income in 1984 was ~$58k while it is ~$80k today.
This is just income or includes deductions for housing, food, transport, etc? (ie. stuff costs more now than in 1984)
 

fskimospy

Elite Member
Mar 10, 2006
87,935
55,287
136
It's about exclusion and having a stake in the nation though.
If you are being left behind, feeling undervalued and generally getting shat on then why would you care about what's best for the country when the country doesn't care about you?
There's supposed to be a mutually beneficial relationship between the state and it's citizenship. It's what glues a nation together.
Seems like the relationship since 1980 has been pretty beneficial for the median American.
 

SteveGrabowski

Diamond Member
Oct 20, 2014
8,949
7,661
136
He can't decree a constitutional amendment. What part of that can't you understand. He can be prevented from being prosecuted, BFD.
He can go shoot the house minority leader in the face if a bill he wants passed gets held up. Though he won't do that, he'll just jail him and kill him later. I wish I could be naive enough to believe the believe the republic will survive. But then I would have probably been naive enough to think Harris was the right candidate too.
 

SteveGrabowski

Diamond Member
Oct 20, 2014
8,949
7,661
136
The median American is vastly better off today than they were in 1980.

FRED data on real median household income only goes back to 1984 but in constant 2023 dollars median household income in 1984 was ~$58k while it is ~$80k today.
Keep beating that drum, it resonated so well the last month
 

fskimospy

Elite Member
Mar 10, 2006
87,935
55,287
136
Ok, so our buying power has increased? Does the offshoring of manufacturing come into play here?
Definitely - free trade makes goods cheaper and therefore reduces inflation.

But yes, the median American has a lot more buying power today than in 1980.