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haloiscoolisbak 07/03/22 3:01:22 AM #1: |
The low wages Like is a house 20x cheaper in the 1960s that alluring when the hourly wage was 20x lower? Was there an actual era where the cost of house(or anything really) was significantly more affordable relative to what an average salary for the average person was? I never see those kind of statistics thrown around --- Started from the bottom now we here ... Copied to Clipboard!
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unknownhombre 07/03/22 3:02:49 AM #2: |
Yes they do. Plenty of people consider purchasing power. --- "Reality is that which, when you stop believing in it, still exists." ... Copied to Clipboard!
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unknownhombre 07/03/22 3:03:02 AM #3: |
haloiscoolisbak posted... Like is a house 20x cheaper in the 1960s that alluring Yes. --- "Reality is that which, when you stop believing in it, still exists." ... Copied to Clipboard!
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haloiscoolisbak 07/03/22 3:05:24 AM #4: |
unknownhombre posted... Yes. I know my dad got paid $50 a week (AUD) as a printer in the late 1960s which is genuinely 20x lower than my weekly wage So where is the value there? It'd take just as long for him to save the money for a house. Or was my dad especially lowly paid --- Started from the bottom now we here ... Copied to Clipboard!
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Guide 07/03/22 3:09:29 AM #5: |
haloiscoolisbak posted... Like is a house 20x cheaper in the 1960s that alluring when the hourly wage was 20x lower? This isn't the case at all, though, which is exactly the problem. Wages have not scaled with costs. More accurately, you would say houses were 20x cheaper, while wages were <10x lower. --- evening main 2.4356848e+91 https://youtu.be/Acn5IptKWQU ... Copied to Clipboard!
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CADE FOSTER 07/03/22 3:10:49 AM #6: |
wages have been stagnant thats the problem inflation would be manageable for everyone if wages kept up ... Copied to Clipboard!
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haloiscoolisbak 07/03/22 3:11:36 AM #7: |
Guide posted... This isn't the case at all, though, which is exactly the problem. Wages have not scaled with costs. More accurately, you would say houses were 20x cheaper, while wages were <10x lower. The minimum hourly wage in Australia was exactly $1 in 1966, it's now $21.66 This thread might be pointless as the situation might be a lot worse in the US --- Started from the bottom now we here ... Copied to Clipboard!
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TetsuoS2 07/03/22 3:12:05 AM #8: |
AUD 50 gets you much farther in 1960 tham 2022. --- Lurker by trade just an idiot passing through ... Copied to Clipboard!
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Guide 07/03/22 3:13:38 AM #9: |
haloiscoolisbak posted...
I just noticed the AUD. Yeah, USA's got a more problematic situation. At least our videogames are cheaper. --- evening main 2.4356848e+91 https://youtu.be/Acn5IptKWQU ... Copied to Clipboard!
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Turtlemayor333 07/03/22 3:15:52 AM #10: |
It was still better back then. Some old senator was talking about how they made 5 bucks an hour when they were in college. That's like 20 bucks an hour today for someone with no degree and no experience. Now in 2022 there are people making 11 dollars an hour who have degrees. --- http://i.imgur.com/WWk7D.jpg http://i.imgur.com/hE7v5GL.jpg http://i.imgur.com/sY9YLKe.jpg http://i.imgur.com/9e67vqt.jpg ... Copied to Clipboard!
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CADE FOSTER 07/03/22 3:16:40 AM #11: |
Americas min wage would be like 32 dollars if it had kept up with rising costs since min wage came about ... Copied to Clipboard!
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Foppe 07/03/22 3:21:32 AM #12: |
Remember when a Phantasy Star game retailed at $100? --- GameFAQs isn't going to be merged in with GameSpot or any other site. We're not going to strip out the soul of the site. -CJayC ... Copied to Clipboard!
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