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(PennLive)   The American household income report has us partying like it's 1999   ( pennlive.com) divider line
    More: Spiffy  
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969 clicks; posted to Business » on 12 Sep 2017 at 7:57 PM (13 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



15 Comments     (+0 »)
 
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2017-09-12 07:15:54 PM  
Gonna trickel down any day now...
 
2017-09-12 07:20:29 PM  
Thanks, Obama!
 
2017-09-12 07:50:58 PM  
In September 1997, the minimum wage was $5.15 per hour, or $7.82 when adjusted for inflation, which is higher than the current wage at $7.50.
 
2017-09-12 08:20:11 PM  
Don't forget the record debts people have too. Gotta spend what you don't have.
 
2017-09-12 09:14:20 PM  
McMansions for everyone!
 
2017-09-12 09:31:15 PM  

ThatGuyFromTheInternet: McMansions for everyone!


Except Millenials. We'll stick with our slum lords, crippling college debt, quarter-life crisis, and Raman, tyvm.

Bith Set Me Up: In September 1997, the minimum wage was $5.15 per hour, or $7.82 when adjusted for inflation, which is higher than the current wage at $7.50.


Are you *trying* to summon the "minimum wage has never been tied to other wages, thus we should eliminate it" crowd? Because that's how you summon them.
 
2017-09-12 09:32:41 PM  

edmo: Gonna trickel down any day now...


You know, I think "trickle down economics" is correct.

Money trickles down.  It doesn't flow.

But don't you worry, there are plans in place to stop the trickle and keep the money up high where it is better off.  Why, people might use it to buy goods and services, instead of being safe and sound locked up in some account somewhere!
 
2017-09-12 09:33:18 PM  

ajgeek: ThatGuyFromTheInternet: McMansions for everyone!

Except Millenials. We'll stick with our slum lords, crippling college debt, quarter-life crisis, and Raman, tyvm.

Bith Set Me Up: In September 1997, the minimum wage was $5.15 per hour, or $7.82 when adjusted for inflation, which is higher than the current wage at $7.50.

Are you *trying* to summon the "minimum wage has never been tied to other wages, thus we should eliminate it" crowd? Because that's how you summon them.


I should have said "Only marginally higher" than the current wage, i.e. we really don't have much to celebrate.
 
2017-09-12 09:35:00 PM  

Bith Set Me Up: In September 1997, the minimum wage was $5.15 per hour, or $7.82 when adjusted for inflation, which is higher than the current wage at $7.50.


In September 1997, I was making more money than I am now.  In actual numbers, before adjusting for inflation.  I'm in the same career doing the same thing with more experience and value.

I'm also only working 50 hours a week instead of 80.
 
2017-09-12 10:14:45 PM  

edmo: Gonna trickel down any day now...


I'm not sure that you understand what TFA or even the just headline says.
 
2017-09-12 11:03:52 PM  
Pretty obvious what this means.   Yup...the common folk are gonna start getting uppity, so we'll just have to get a little recession going to knock everyone back in their place.
 
2017-09-12 11:56:33 PM  

Mister Peejay: Bith Set Me Up: In September 1997, the minimum wage was $5.15 per hour, or $7.82 when adjusted for inflation, which is higher than the current wage at $7.50.

In September 1997, I was making more money than I am now.  In actual numbers, before adjusting for inflation.  I'm in the same career doing the same thing with more experience and value.

I'm also only working 50 hours a week instead of 80.


Demand for Telephone Sanitizers has decreased over the last 20 years. Sorry.
 
2017-09-13 12:10:10 AM  
1999. I remember that economic zeitgeist:
img.fark.netView Full Size

img.fark.netView Full Size

img.fark.netView Full Size

img.fark.netView Full Size


/good year for movies
 
2017-09-13 10:53:17 AM  

Mister Peejay: Bith Set Me Up: In September 1997, the minimum wage was $5.15 per hour, or $7.82 when adjusted for inflation, which is higher than the current wage at $7.50.

In September 1997, I was making more money than I am now.  In actual numbers, before adjusting for inflation.  I'm in the same career doing the same thing with more experience and value.

I'm also only working 50 hours a week instead of 80.


Perhaps the bottom has fallen out of the 'Making Geocities Websites' market?
 
2017-09-13 11:48:05 AM  

ajgeek: and Raman


I know you're serious - you couldn't even afford to buy an extra vowel.
 
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