Posted on 08/08/2023 12:44:00 PM PDT by millenial4freedom
Well, somebody has to pay for Jo Jo’s “boomin’ ‘conomy.”
Pyrric victory for women? Men can no longer support their families on their income alone. Now they have to go to work too.
This can’t be right. Joe Manchin said inflation is coming down, thanks to the “Inflation Reduction Act”.
Therefore what?
“Why not Universal Income?”
It’s true that Bidenomics,as well as poor economic policies in general across several administrations, have contributed to this. But from the vantage point of an old person a lot also has to do with the way we expect to live. Grew up in a working class neighborhood (auto painters, policemen,milk men, etc.) where all the wives stayed home and we were content with,or at least accepted, 1000sf houses,one car, one TV set, one landline phone.There’s nothing wrong with wanting and having all the current stuff,but just saying there is a price.
Awe don’t worry, we won’t run out of money, they will just print more, everything will be fine....
/s
Looks like “education” and “healthcare” are taking ever-increasing portions of our paychecks. And inflation, which isn’t addressed in this graphic.
I don’t think there’s much to show for all the increased spending in education and healthcare. In fact, one could argue that the more we spend, the worse it gets.
Great post. And imagine how cheap your health insurance would be if you only had access to medical treatments and procedures that existed in the 1950s.
“Now they have to go to work too.”
That was the plan all along.
Lizann earns seven or eight figures as a top Wall Street stock picker.
Is she hoping for higher taxes?
Asking for more low skill minimum wage foreign workers so we can temporarily live beyond our means?
The price of housing has gone up far more than overall inflation in the last 50 plus years. Many younger families could not afford a house without the mother also working, in many parts of the country. Even those old 1000 square foot homes are unaffordable for many nowadays.
The Lump of Labour fallacy was touted at the time as the reason doubling the size of the workforce would not depress wages.
Decades later anything and everything is blamed but the obvious elephant in the room.
Absolutely...we both worked because we wanted crap both for ourselves and our kids.
This was in the 70’s
My mom and dad both worked, what I am seeing today however is dad has 2 jobs and mom has one and they are STILL barely keeping their heads above water!!
Problem is...
How do we motivate the 10%-15% of American super-producers to pay for it?
At some point after 40% in income taxes, a lot of those guys won't bother to get out of bed in the morning.
Massive increases in productivity are the only solution, which is a double edge sword, because that will often destroy more well paid union jobs (e.g. truck and delivery drivers) than it creates new wealth.
Az. senate candidate Blake Masters said a family of 4 ‘should’ be able to get by on one income. Reality check-not so. Would there be more affordable urban sprawl without welfare and all the illegal shit going on? Would lower taxes make it more doable? Too late to find out now but the idea is good. People need to accept being poorer. No money for tattoos when ones food is provided by food stamps.
observation- transport goes from the smallest to the largest consumer expenditure category
what does that imply, if anything?
That is true.
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