Speaking of the economy. A lot of items went up in price. Some more than others. The one thing that hasn’t gone up much is the price of beer. That’s at liquor stores. But restaurants are a different story. I paid 9 bucks for a beer at a chain restaurant. If I add 9 more bucks I can get an entire 12 pack of that same beer. Has it always been 6x at a restaurant over the liquor store? I don’t believe so.
We have reached the point (reached it a while ago actually)
where the bottom 50% save so little that even a small change makes a huge difference in the ratio
"assets of the rich "vs “assets of the bottom 50%”
Americans currently save, on average, just 3.8% of our disposable incomes.
It’s a trap!
No…
More from the tax foundation?
Min salary Pro football player 1970 $12,500 Today $750,000
Did that just happen by magic and/or out of the goodness hearts by the owners?
Collective bargaining.
That just proves why every player makes more money. Not why the gap between average player and QB is widening.
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Obviously, the lower paid players are transferring their wealth to the quarterbacks. You can find the transactions somewhere.
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Lower paid players make $750k per year.
Had to switch, huh.
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Irrelevant and not the question.
Do you make more than your grandfather?
You aren’t going to get an answer, they can’t be honest.
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If the average worker made a livable salary in all 50 states, you may have a point.
i think we can agree, $750k is far more than a liveable salary.
As the Rand report shows, if the rate of salaries stayed on the same trend as it did for 40 years, the average individual salary would be around $100k.
Right. When the whole offensive line pitches in to buy the QB a villa at Christmas.
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Why would anyone pay the average individual 100k when they don’t have to? The more money that is made, the people that are harder to replace will take the majority of it. Because they command more money, the rank and file does not.
I’d love to make a base salary of 100k. But I realize a trained Macaque can do my job just as easily. I’m easily replaced without consequences. I can’t keep pace.
Comparatively, if salaries were the same ratio as it was until the late 70’s, that would be the average income.
According to available data, the average income in the United States in 1970 was around $8,730, while in 2024, the average income is estimated to be around $62,027
The median price of a home in the United States in 1970 was between $20,000 and $25,000. When adjusted for inflation, the price of a home in 1970 is equivalent to about $205,000 in 2023 dollars
The median sales price of a home in the United States in the fourth quarter of 2024 was $419,200.
@Toll_Collector see?
And globalization. The American worker now has to compete with the same worker whose countries cost of living are a fraction of that in the US and are paid pennies on the dollar as compared to the US.
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Math is hard. Even simple math for some.
That is true…but the government sets the rules of commerce. This is when tariffs can make sense.
