[A. Pole]

[Southack:] The "Poverty Level" today is around $14,000 per year for an average household. That's more than the middle-class average income in the 1950's

Have you forgotten about inflation?

He has no clue.

[Maximum Leader]

LOL
very good point.

I was about to point out to Southack that a million dollars today is worth only a fraction of what it was in 1965 (therefore we have so many more millionaires today), but why bother?

Wage stagnation is a serious issue (and 2/10ths of one percent annual increases is stagnation in my book). One problem is that instead of raises, employers pay for increased insurance preumiums or the stiff payroll taxes that the states and the Feds impose (which are invisible to the worker, but come out of his pocket).

[Southack]

c#16