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mmonk

(52,589 posts)

29. You may want to check into costs not associated with the graphs.

Mon Jul 20, 2015, 07:12 AM

Jul 2015

Especially in housing and medicine. Thing is, we don't have the disposable income we used to have. I'm writing a book which will be titled, "Demand, The Forgotten Side of Economics". I was hoping to have it published before Christmas but due to personal circumstances, spring of 2016 is more likely now.

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I'm going to post a chart you've seen a million times before (the myth of wage stagnation) [View all] Recursion Jul 2015 OP

LOL. "Before the early 1970s, the only group that was seeing their income increase was white males" PSPS Jul 2015 #1

Yes, that is the middle class white male narrative Recursion Jul 2015 #2

Rather, women were expected to stay home with the kids. hedda_foil Jul 2015 #3

And women who worked as a housekeeper part time weren't counted in wage surveys Recursion Jul 2015 #4

Absolutely. And teachers (the career track for girls too upscale to be "just secretaries" ) ... hedda_foil Jul 2015 #6

This post is cringeworthy on so many levels. nt geek tragedy Jul 2015 #7

Sadly that is true. Now... Emelina Jul 2015 #8

You are mistaken - the actual world was NOT Ozzie & Harriet. KentuckyWoman Jul 2015 #64

And the average house was a lot smaller, had fewer bedrooms and bathrooms. And many families raccoon Jul 2015 #78

In what sense is the one time rental of a limo mythology Jul 2015 #79

It's a pet peeve of mine. nt raccoon Jul 2015 #81

Which leads to the conclusion that a single earner could support a family today Recursion Jul 2015 #87

ALL workers are still getting screwed. Since 1972, productivity up 250%. Comrade Grumpy Jul 2015 #5

Thank you. PowerToThePeople Jul 2015 #10

^^That Orrex Jul 2015 #19

+1! snot Jul 2015 #52

Thanks. The "aww, poor, whiny white guys" angle isn't an answer to the obvious wage problem. n/t Beartracks Jul 2015 #66

No, it's not an answer, but it's a first step towards one Recursion Jul 2015 #94

Second step: outsourcing all jobs to low wage countries PowerToThePeople Jul 2015 #95

Well, we're the ones who keep buying cheap shirts from Bangladesh Recursion Jul 2015 #97

I do agree with you on PowerToThePeople Jul 2015 #101

Socialism (in the real Marx sense) is probably the best way to do a universal income Recursion Jul 2015 #104

Ok. PowerToThePeople Jul 2015 #108

No, people just make a lot of assumptions about me. I've posted more about minimum income than trade Recursion Jul 2015 #109

People pick up on right wing phrasing very easily here PowerToThePeople Jul 2015 #110

I live and work in a city where 10,000 people die from waterborne illnesses every year Recursion Jul 2015 #114

You have some good points PowerToThePeople Jul 2015 #116

Poverty isn't a competition. HughBeaumont Jul 2015 #120

Here's the world income distribution Recursion Jul 2015 #121

Hah ha ha, troll. HughBeaumont Jul 2015 #122

I can see that. But even those gains have been below what they SHOULD have been. Beartracks Jul 2015 #119

All the RWing blah blah to avoid talking about Reaganomics. Rex Jul 2015 #107

Thanks. I don't need to look at any charts to know the OP is bullshit. I live in 2015 reality and I GoneFishin Jul 2015 #111

Yup. CentralMass Jul 2015 #117

Compelling enough for me. joshcryer Jul 2015 #9

I am impressed. TM99 Jul 2015 #11

/\_/\_This right here_/\_/\ Scuba Jul 2015 #16

Yes! tenderfoot Jul 2015 #53

Amazing. tymorial Jul 2015 #57

Indeed. n/t lumberjack_jeff Jul 2015 #77

It's insulting for Democrats to have this RW trash pushed on us day after day. nt Zorra Jul 2015 #80

+1 CentralMass Jul 2015 #118

+1 Marr Jul 2015 #90

+1. Thanks. GoneFishin Jul 2015 #112

What do you do for a living? B Calm Jul 2015 #12

UNIX administration Recursion Jul 2015 #14

It's always helpful to know where you are coming from. If you worked an hourly labor job B Calm Jul 2015 #15

It is hourly. My forklift days were years ago Recursion Jul 2015 #18

The average UNIX administrator salary is $92,000, do you think that's what hourly employees B Calm Jul 2015 #20

Do you think that's what I make, working for an NGO? Recursion Jul 2015 #23

Just going with what Google tells me. B Calm Jul 2015 #26

I lulz'd. KG Jul 2015 #13

Scott Walker would be so proud! Scuba Jul 2015 #17

Looks like hourly compensation stagnated particularly from the mid-70's to the mid-90's, pampango Jul 2015 #21

I'm old enough to know middle classes wages have been on the decline mmonk Jul 2015 #22

"2013 dollars" means accounting for inflation (nt) Recursion Jul 2015 #24

I understand what the term means. mmonk Jul 2015 #25

I'm curious how that can be since real median income for men is higher now than say 1960 Recursion Jul 2015 #28

You may want to check into costs not associated with the graphs. mmonk Jul 2015 #29

Housing and medicine are factored into CPI though Recursion Jul 2015 #31

There are, I think, many factors such as declines in pensions for 401 K's and such for an example. mmonk Jul 2015 #34

Also, the greater the income gap between the richest and the typical American family is, mmonk Jul 2015 #36

medians are not skewed by outliers. That's the point of medians. whatthehey Jul 2015 #44

The 20:20 ratio is a much better way to determine the effects of income inequality in terms of mmonk Jul 2015 #45

Medians are not intended to show inequality whatthehey Jul 2015 #48

The problem with just using standard median is it doesn't give a complete mmonk Jul 2015 #49

Notice the drop in household median income from the collapse in 2008 to 2012. mmonk Jul 2015 #51

. mmonk Jul 2015 #46

This is the over-arching issue. ronnie624 Jul 2015 #75

So right you are. Well stated. mmonk Jul 2015 #103

Yay! We can all EQUALLY be in poverty together! Erich Bloodaxe BSN Jul 2015 #27

They don't even drain off to shareholders anymore Recursion Jul 2015 #33

So? At best this shows a time old employer tactic: "bring in cheaper workers" Tom Rinaldo Jul 2015 #30

The early 70's rock Jul 2015 #32

There's probably something to that (nt) Recursion Jul 2015 #85

Interesting perspective. So is the denominator in first graph total paid working hours? lostnfound Jul 2015 #35

Within specific standard occupations, generally no Recursion Jul 2015 #38

You may not be aware of this-- Starry Messenger Jul 2015 #37

It would be hard to argue that expanding the labor pool didn't push wages down Recursion Jul 2015 #39

Meh. Starry Messenger Jul 2015 #40

The middle class single earner family was temporary The2ndWheel Jul 2015 #43

^^^ That Recursion Jul 2015 #115

Well it is just a numbers game The2ndWheel Jul 2015 #42

LOL. Another hit from the Socialists...for Hillary??? club! nt Romulox Jul 2015 #56

Pardon? Starry Messenger Jul 2015 #58

I just think that supporting the fabulously wealthy Corporate-backed candidate is the solution... Romulox Jul 2015 #59

You're right. Starry Messenger Jul 2015 #62

I'm glad you know the names of several cities in Michigan, but this is all a bit random. Romulox Jul 2015 #70

What were you proposing I rebut? I missed your point, except you object to my presence. Starry Messenger Jul 2015 #71

I want to know what the Hamtramck insult is supposed to mean. Romulox Jul 2015 #72

I didn't say anything was wrong with it at all. Starry Messenger Jul 2015 #73

You're not good at playing coy. Very lame. nt Romulox Jul 2015 #74

This is easily explained. Exilednight Jul 2015 #41

Imo this OP is pizza worthy PowerToThePeople Jul 2015 #47

AGREED. It is time for a RIGHTWINGER to banned from DU for a change. nt Romulox Jul 2015 #55

Seriously. Pushing right wing ideas is apparently perfectly acceptable LondonReign2 Jul 2015 #63

I agree. /nt Marr Jul 2015 #91

Your first bolded text is a non sequitur. lumberjack_jeff Jul 2015 #50

+1 Hissyspit Jul 2015 #60

Terrific post. TM99 Jul 2015 #82

You're right, I had that part upside down. Will edit OP (nt) Recursion Jul 2015 #86

inaccurate. lumberjack_jeff Jul 2015 #92

Oh excuse me, only *half again* white women's income gains Recursion Jul 2015 #93

You were *only* off by a factor of two? A huge difference? YMMV. lumberjack_jeff Jul 2015 #96

Fine, I'll edit to "significantly more than" (nt) Recursion Jul 2015 #98

Don't stop editing yet. lumberjack_jeff Jul 2015 #99

You're right, I read that part completely wrong. Recursion Jul 2015 #106

We're making progress, but we're not there yet. lumberjack_jeff Jul 2015 #113

Another in the "PAY NO ATTENTION TO THE MAN BEHIND THAT CURTAIN!" series. Romulox Jul 2015 #54

Pretty much-- along with the standard divide and conquer appeal to identity politics and Marr Jul 2015 #89

Oh, for christ's sake... Hissyspit Jul 2015 #61

Third Way Horseshit. Going All In with Rovian HRC campaign race baiting Teamster Jeff Jul 2015 #65

Might also have to do with white men monopolizing "skilled" work for much of America's history YoungDemCA Jul 2015 #67

I think you are partly right but have the chicken vs egg backwards KentuckyWoman Jul 2015 #68

It Seems To Me RobinA Jul 2015 #69

No, I'm not assuming that. I'm assuming white men held a monopoly on higher paying fields Recursion Jul 2015 #84

Let's have some music to go with Recursion's post, courtesy of Eduard Khil Scootaloo Jul 2015 #76

OH good. You've taken up with the Troy University set with this latest hilarity. HughBeaumont Jul 2015 #83

What Orlando Letelier said... Octafish Jul 2015 #88

It is funny watching them admit to living in a plutocracy. The OP will turn Rex Jul 2015 #102

All that to avoid talking about Reaganomics. Rex Jul 2015 #100

Yes, trickle down fetishism was a big part of this Recursion Jul 2015 #105