What are you talking about? We are richer now than then.
Just look up, I don’t know, the percentage of homes with hot water or electricity. Look up percentage of homes with an indoor toilet. It’s nearly 100% now… But in 1960s these were not a given
Or, to put it another way, in 1960 minimum wage was $1.00/hour and the cost of the average home was $11,000.00. A burger flipper could get hired on high school graduation day and be a homeowner in 20 years without ever getting a raise.
Are you saying that all the technological and medical progress of the last 60 years was a direct result of the decrease of real wages?
What are you talking about? We are richer now than then.
Just look up, I don’t know, the percentage of homes with hot water or electricity. Look up percentage of homes with an indoor toilet. It’s nearly 100% now… But in 1960s these were not a given
Or, to put it another way, in 1960 minimum wage was $1.00/hour and the cost of the average home was $11,000.00. A burger flipper could get hired on high school graduation day and be a homeowner in 20 years without ever getting a raise.
Are you saying that all the technological and medical progress of the last 60 years was a direct result of the decrease of real wages?
Real wages are up since the 1960s