patrick.net

Labor force growth matters.... why America is the most power economic force ever... people!

Brazil is tiny compared to us

dollar moving up has minimal impact on us, only oil states

thunderlips11 says

thunderlips11 says

This is a failure of capitalism, plain and simple. If capitalism worked remotely as well as its proponents claim then the median household income today would be $88k/yr based on the information provided in the graphs posted by thunderlips.

Clearly capitalism hasn't worked. Technology, not capitalism, increased productivity 250% since 1950, but today a dual income family barely makes ends meet while in the 1950s a single income allowed people to own their house outright and have a vacation home.

When you realize that capitalism is letting a greedy bunch of parasites control production and distribution -- and has nothing to do with private property rights -- then it comes at no surprise that these greedy parasites screw up the economy for everyone else in order to lock in short term gains for themselves. Capitalism is not the opposite of communism. It's communism with a different nomenclature. Call the party leaders executives and you have capitalism.

Dan8267 says

... today a dual income family barely makes ends meet while in the 1950s a single income allowed people to own their house outright and have a vacation home.

That's dual income, college educated, professionals in most case. Yes, I believe the majority of the parents I have been meeting on return to school are exactly in this boat. Amazing. I am such an anomaly : single income family and a home owner.

I didn't do that off my salary either. I just got stupid lucky in tech (stocks). The new college hires today I don't think have a prayer to have something similar happen to them.

Edit: Loagn's convinced we are all going to be mega rich selling each other coffee and Chinese food though.