Not that you’d be able to afford anywhere near the same quality of life at that wage now. That’s where something like $66 is probably more accurate for actual cost of living increases.
honest question: i don’t know enough to know why it might be good, but isn’t the whole idea of the stock market just kinda wrecking fucking everything?
But shareholders are the ones with actual power over companies. They are the ones the corporate executives fear. Not the government or the public. Assuming the execs don’t also own a majority of shares that is.
If yoy subscribe to the definition of inflation that assumes renting instead of home ownership and homesteading in rural frontiers with challenging weather (deserts, swamps, tundra) rather than in gentrified places with pleasant weather (e.g. every existing metropolitan area).
The way I see it, unless people somehow shrink in size or a wormhole opens to another Earth-like planet, real estate prices are inversely correlated to population which continues to rise.
So just build more housing, then build public transit so they can go anywhere they want (actually build the transit first). 50,000USD builds a 2bd apartment in any city of 10+mil in China. And they’re not running out of room.
IIRC from when I looked this up a few years ago, $25/hr would match the inflation adjusted minimum wage from 1952.
sounds about right. my dad was born in 1954, and that’s what he thinks i should be earning
Not that you’d be able to afford anywhere near the same quality of life at that wage now. That’s where something like $66 is probably more accurate for actual cost of living increases.
my friend, you don’t even own your belongings any more. i wish that i could just make enough to live this out, but shareholders demand equity.
The solution is to just become a shareholder obviously. Just get a small million dollar loan from your dad and get started.
/s obviously
All you need to be a shareholder is one share. That could be as little as $10 for some stocks.
honest question: i don’t know enough to know why it might be good, but isn’t the whole idea of the stock market just kinda wrecking fucking everything?
Oh yes, it definitely is.
But shareholders are the ones with actual power over companies. They are the ones the corporate executives fear. Not the government or the public. Assuming the execs don’t also own a majority of shares that is.
same reason that the people who should be opposed to horrible things are all somehow all mum now?
Ooh jeez… Who’s going to tell them?
it’s a bit of a rhetorical question - i wouldn’t have asked if i wasn’t already pretty sure of the answer :P
If yoy subscribe to the definition of inflation that assumes renting instead of home ownership and homesteading in rural frontiers with challenging weather (deserts, swamps, tundra) rather than in gentrified places with pleasant weather (e.g. every existing metropolitan area).
The way I see it, unless people somehow shrink in size or a wormhole opens to another Earth-like planet, real estate prices are inversely correlated to population which continues to rise.
So just build more housing, then build public transit so they can go anywhere they want (actually build the transit first). 50,000USD builds a 2bd apartment in any city of 10+mil in China. And they’re not running out of room.