Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CBS News)   If you feel like you and your family have been working harder and making less over the last 50 years, you probably were   (cbsnews.com) divider line
    More: Sad, Economic inequality, Household income in the United States, Income distribution, Income, Income inequality, Income inequality metrics, Gini coefficient, Lorenz curve  
•       •       •

2030 clicks; posted to Main » and Politics » on 15 Sep 2020 at 11:36 PM (3 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



65 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | » | Newest | Show all

 
3 days ago  
But we get to sleep safely knowing our elected officials are filthy rich.
 
3 days ago  
Pas de shiat, Monsieur Sherlock.
 
3 days ago  
In the 1950s a man could, on a single income, buy a house, have a stay-at-home wife and raise a family.  Every year our per capita gross domestic product increases.

By now, everyone in the country should be comfortably well-off but we're not. What happened to all that wealth we have created in the last seventy years?
 
3 days ago  

Sgygus: In the 1950s a man could, on a single income, buy a house, have a stay-at-home wife and raise a family.  Every year our per capita gross domestic product increases.

By now, everyone in the country should be comfortably well-off but we're not. What happened to all that wealth we have created in the last seventy years?


encrypted-tbn0.gstatic.comView Full Size
 
3 days ago  
Fark user imageView Full Size
 
3 days ago  
Yeah back in  my dayz workin for the city of De-toilet I made great money.....Now I'm retired they don't think I need my retirement money anymore.  I got cut by $600.00 a month..Thx Kirkpatrick for stealing my future!!!!!
 
3 days ago  
Yup, we know.

i.imgur.comView Full Size

i.imgur.comView Full Size

i.imgur.comView Full Size
 
3 days ago  
There are an awful lot of people in the United States who have been absolutely kicked in the teeth over the past forty years or so. But here's the thing. When large percentages of those people faithfully and fanatically vote for the people who are doing the kicking, it becomes increasingly difficult to muster any kind of sympathy for them.
 
3 days ago  
The offset to that is that technology has given us a ton of things that people 50 years ago could only dream of.  I can carry 100,000 songs in my pocket easily.  I can Google anything I need to know.  I don't get lost because of GPS.  Tons of things exist that buy us more time than people had back then.  Hell, they had to pay to make phone calls.
 
3 days ago  

Sgygus: In the 1950s a man could, on a single income, buy a house, have a stay-at-home wife and raise a family.  Every year our per capita gross domestic product increases.

By now, everyone in the country should be comfortably well-off but we're not. What happened to all that wealth we have created in the last seventy years?


It's been moved into the pockets and offshore bank accounts of the wealthy  where it can be kept safe from the filthy poors forever.
 
3 days ago  
Remember folks, you now live in a world where it takes $3 million in assets to retire comfortably and not die broke.

/we're all gonna die broke
 
3 days ago  

vudukungfu: But we get to sleep safely knowing our elected officials are filthy rich.


Okay Trumper
 
3 days ago  

fragMasterFlash: Remember folks, you now live in a world where it takes $3 million in assets to retire comfortably and not die broke.

/we're all gonna die broke


pics.me.meView Full Size
 
3 days ago  

Incontinent_dog_and_monkey_rodeo: .  Hell, they had to pay to make phone calls.


A landline was God awful cheap. Long distant costed big money.
But you could be on the phone for hours and hours with a landline that only became a thing recently with cell phones when cell phones originally came out it was per minute I remember having to not call people until in the evening to avoid massive cost
 
3 days ago  
It'll all be fine. Tomorrow JPow has his FOMC meeting to discuss how many bonds they need to buy, which boosts stock prices, and exacerbates the gap. Oh wait...
 
3 days ago  
but hey, the bankers and shareholders have continued to get richer, and isn't that what really matters?
 
3 days ago  

waxbeans: Incontinent_dog_and_monkey_rodeo: .  Hell, they had to pay to make phone calls.

A landline was God awful cheap. Long distant costed big money.
But you could be on the phone for hours and hours with a landline that only became a thing recently with cell phones when cell phones originally came out it was per minute I remember having to not call people until in the evening to avoid massive cost


Don't fall into the trap of engaging with the moronic argument that because we get streaming services or smart phones or amazon prime that it somehow makes it ok that you can't buy a house and support a family on one average income.
 
3 days ago  

Sophont: waxbeans: Incontinent_dog_and_monkey_rodeo: .  Hell, they had to pay to make phone calls.

A landline was God awful cheap. Long distant costed big money.
But you could be on the phone for hours and hours with a landline that only became a thing recently with cell phones when cell phones originally came out it was per minute I remember having to not call people until in the evening to avoid massive cost

Don't fall into the trap of engaging with the moronic argument that because we get streaming services or smart phones or amazon prime that it somehow makes it ok that you can't buy a house and support a family on one average income.


At least we'll be well entertained while we huddle in an alleyway to try to get out of the rain for a moment.
 
3 days ago  

seventypercent: There are an awful lot of people in the United States who have been absolutely kicked in the teeth over the past forty years or so. But here's the thing. When large percentages of those people faithfully and fanatically vote for the people who are doing the kicking, it becomes increasingly difficult to muster any kind of sympathy for them.


I know no one wants to hear it these days, but it's not like voting for one party over the other has made this any better. Only in the last two years have progressive ideas broken through to congress.

Yeah don't BSAB at me. The whole of American culture is sick- bad values and bad governance have done this to us.
 
3 days ago  
Incontinent_dog_and_monkey_rodeo: The offset to that is that technology has given us a ton of things that people 50 years ago could only dream of.  I can carry 100,000 songs in my pocket easily.  I can Google anything I need to know.  I don't get lost because of GPS.  Tons of things exist that buy us more time than people had back then.  Hell, they had to pay to make phone calls.

so as long as people have iPhones, it doesn't matter if they're homeless?
 
3 days ago  

Sophont: Don't fall into the trap of engaging with the moronic argument that because we get streaming services or smart phones or amazon prime that it somehow makes it ok that you can't buy a house and support a family on one average income.


It's actually worse than that.
My mom was peace officer. She had to work her main job. At night. (Because that paid more.) She ALSO did security gigs on the side. And, did yet another side job. And, one more. At times she sleep in her car. To rest between jobs. And, she wasn't paying of a student loan. And she was only supporting me and her self.

The thing that really annoys me, is that should be proof enough something was and is wrong with this nation. How, did men slightly older than my mom afford a house, 1.9 kids and a wife on one job?
And thing is, this was during the 80s. A lot of people got rich during the 80s meanwhile most people just barely got by. WTH? So no. Nothing actually tricked down if you had to work that much. I would not see my mom awake for a week at a time. She'd be at work. I'd be at school. She be asleep. And leave as I was going to bed. I wake she was at work and I had to get to school.  And repeat all week.
And this a good scenario.
Seriously this was actually a positively seen good scenario and a bootstrappy story my mom was living the American dream it only required her to work continuously for over two decades
 
3 days ago  

lincoln65: seventypercent: There are an awful lot of people in the United States who have been absolutely kicked in the teeth over the past forty years or so. But here's the thing. When large percentages of those people faithfully and fanatically vote for the people who are doing the kicking, it becomes increasingly difficult to muster any kind of sympathy for them.

I know no one wants to hear it these days, but it's not like voting for one party over the other has made this any better. Only in the last two years have progressive ideas broken through to congress.

Yeah don't BSAB at me. The whole of American culture is sick- bad values and bad governance have done this to us.


The people lost both parties when the Dems went Corporate.

Both parties are owned by Capitalists, not democracy. Not the people.

They won't go back without great effort on our parts, if ever. Neither party will.
 
3 days ago  
'Murica.
 
3 days ago  

seventypercent: There are an awful lot of people in the United States who have been absolutely kicked in the teeth over the past forty years or so. But here's the thing. When large percentages of those people faithfully and fanatically vote for the people who are doing the kicking, it becomes increasingly difficult to muster any kind of sympathy for them.


Yeah, dem inner city ghettos always voting Republican.
 
3 days ago  
I keep running the numbers on my income vs home prices in my area and I can't make the math work out. 30y mortgage (which is an INSANE number) at 2.75% on a 250,000 house and with insurance and property tax with 10% down is still like $1,400-1,600/month. And I'm paying all the maintenance.

There's maybe $60,000 worth of material and another $40,000 in labor (and don't get me started on why a 1/10 acre is worth $50k in ND). Where the hell is the other $100k? I can't afford that.
 
3 days ago  
Hey, I'd like to live comfortably in a nice condo in the good part of Los Angeles.
Get a STEM degree, ya bum!
Done. Still can't afford it.
Curb your expectations and get a cheap 1 bedroom.
Still no.
Bad part of LA.
Nuh uh.
45 minute commute outside of LA.
Ah, now we've got something affordable. So, now how do I move up?
LOL
 
3 days ago  

lincoln65: seventypercent: There are an awful lot of people in the United States who have been absolutely kicked in the teeth over the past forty years or so. But here's the thing. When large percentages of those people faithfully and fanatically vote for the people who are doing the kicking, it becomes increasingly difficult to muster any kind of sympathy for them.

I know no one wants to hear it these days, but it's not like voting for one party over the other has made this any better. Only in the last two years have progressive ideas broken through to congress.

Yeah don't BSAB at me. The whole of American culture is sick- bad values and bad governance have done this to us.


Voting for Democrat and winning the majority of votes may not even work, as that may not even be enough to win, so when things ARE SO farkING TILTED TO ONE SIDE, yeah it may not matter who you vote for, since them winning may not mean anything.

I mean even if Republicans cheat, what is anyone going to do about it?  It's not like they're black.
 
3 days ago  
Pretty sad that the "lost amount" is more than I made back in the US. I can only imagine what I would have done with double my salary. Buy a house, take up a hobby that requires travel or expensive equipment, visit my parents overseas, etc.

From 2013 to 2017 my rent went up by $400 (about 40%) and my salary (working at a place literally across the street from the apartments) stayed the same. We requested increases based on the rising housing costs in the area and were turned down ("not enough money in the budget"), but the CEO made $14 million that year (up a few million from the year before). I left shortly thereafter.

One nice thing about living in Japan is that it's still possible to live a middle-class lifestyle on the typical mid-level worker salary. That's changing rapidly, however, as companies are increasingly westernizing the way they are structured and operate.
 
3 days ago  
Prior to the mid-1970s, Americans' incomes, no matter their level, generally rose in step with overall economic growth. But that changed in the late 1970s, with the rich capturing the lion's share of economic growth, while middle-class and lower-income workers eked out gains far below par.

We went from an economy where we needed bodies doing things to one where minds are more important. Unfortunately, not everyone is well-equipped to do the latter kinds of jobs and their productivity as bodies isn't rising, which would be the only thing that would justify higher pay. Sure government could simply force higher pay, but that will just accelerate the process of replacing them with automation.
 
3 days ago  
They're just looking out for you. Mo' money mo problems, Wear a mask to though.
 
3 days ago  

ajgeek: I keep running the numbers on my income vs home prices in my area and I can't make the math work out. 30y mortgage (which is an INSANE number) at 2.75% on a 250,000 house and with insurance and property tax with 10% down is still like $1,400-1,600/month. And I'm paying all the maintenance.

There's maybe $60,000 worth of material and another $40,000 in labor (and don't get me started on why a 1/10 acre is worth $50k in ND). Where the hell is the other $100k? I can't afford that.


When rates fall, asset prices go up. Assets are priced at a discount to today's value. A high rate means we discount back to today at a high rate, so the asset is worth a lot less in the market's eyes. The 0% rates for essentially 12 years minus a few low Janet years, have people looking for yield in everything that is nailed down (hard assets). So homes are being bid. That 100K you are correct. We are in bubble land due to our current monetary policies. I play MTG (NEEEEEEEERD, yeah I know) and I am even seeing it in secondary card prices. Every asset class is going nuts right now because of this. Homes, stocks, collectibles, metals...etc. All being bid up, which leaves people on the lower end of the economic spectrum worse off. Higher home prices also means higher rents since that dictates how much the rent payment will be. It is a shiatty cycle. Low rates are used to juice the market quickly, it is not meant to be more than idk, a year max. We are on year 12 with another 3 more at least, per JPow.
 
3 days ago  
All so biatches like this can have all the things...

WARNING: It's old news but it will make you sick and piss you off to no end, especially if the last time you saw her speak is still clear in your head.

Very Rich Betsy DeVos Has 10 Boats, Two Helicopters, A Yacht Scheduler And A Lavish Lifestyle You Can't Afford
 
3 days ago  

jjorsett: Prior to the mid-1970s, Americans' incomes, no matter their level, generally rose in step with overall economic growth. But that changed in the late 1970s, with the rich capturing the lion's share of economic growth, while middle-class and lower-income workers eked out gains far below par.

We went from an economy where we needed bodies doing things to one where minds are more important. Unfortunately, not everyone is well-equipped to do the latter kinds of jobs and their productivity as bodies isn't rising, which would be the only thing that would justify higher pay. Sure government could simply force higher pay, but that will just accelerate the process of replacing them with automation.


The fark we did, and that ignores the point that again, people are working harder than ever, and that the minimum wage has effectively gone down (as prices have risen and it...hasn't).

We went from an economy that valued stability to an economy that valued infinitely-growing profits for shareholders at the expense of everybody else in the nation.
 
3 days ago  

Smirky the Wonder Chimp: Sophont: waxbeans: Incontinent_dog_and_monkey_rodeo: .  Hell, they had to pay to make phone calls.

A landline was God awful cheap. Long distant costed big money.
But you could be on the phone for hours and hours with a landline that only became a thing recently with cell phones when cell phones originally came out it was per minute I remember having to not call people until in the evening to avoid massive cost

Don't fall into the trap of engaging with the moronic argument that because we get streaming services or smart phones or amazon prime that it somehow makes it ok that you can't buy a house and support a family on one average income.

At least we'll be well entertained while we huddle in an alleyway to try to get out of the rain for a moment.


Not if you can't find a place to plug in a charger
 
3 days ago  
Plutocracy is the greatest threat to the country and the world.
 
3 days ago  

links136: seventypercent: There are an awful lot of people in the United States who have been absolutely kicked in the teeth over the past forty years or so. But here's the thing. When large percentages of those people faithfully and fanatically vote for the people who are doing the kicking, it becomes increasingly difficult to muster any kind of sympathy for them.

Yeah, dem inner city ghettos always voting Republican.


encrypted-tbn0.gstatic.comView Full Size
 
3 days ago  

seventypercent: There are an awful lot of people in the United States who have been absolutely kicked in the teeth over the past forty years or so. But here's the thing. When large percentages of those people faithfully and fanatically vote for the people who are doing the kicking, it becomes increasingly difficult to muster any kind of sympathy for them.


This cannot be emphasized enough.  I grew up under Reagan.  I remember that 'morning in America' stuff.  Which was great if you were in the upper class, or perhaps had a shot to be part of it.  However, most people ever only had a good life due to massive government intervention in the form things like the G.I. bill and most importantly strong unions.  Breaking unions and getting people who had the most to lose by breaking those unions to buy into supporting that shiat has been so detrimental to peoples' lives.  The pension system gone and the money paid into them with it in many cases, working longer for less, SS constantly under attack of being defunded/underfunding, medical costs out of control or you're not even insured.

Yet, can't vote Biden because...reasons. . .
 
3 days ago  

waxbeans: Sophont: Don't fall into the trap of engaging with the moronic argument that because we get streaming services or smart phones or amazon prime that it somehow makes it ok that you can't buy a house and support a family on one average income.

It's actually worse than that.
My mom was peace officer. She had to work her main job. At night. (Because that paid more.) She ALSO did security gigs on the side. And, did yet another side job. And, one more. At times she sleep in her car. To rest between jobs. And, she wasn't paying of a student loan. And she was only supporting me and her self.

The thing that really annoys me, is that should be proof enough something was and is wrong with this nation. How, did men slightly older than my mom afford a house, 1.9 kids and a wife on one job?
And thing is, this was during the 80s. A lot of people got rich during the 80s meanwhile most people just barely got by. WTH? So no. Nothing actually tricked down if you had to work that much. I would not see my mom awake for a week at a time. She'd be at work. I'd be at school. She be asleep. And leave as I was going to bed. I wake she was at work and I had to get to school.  And repeat all week.
And this a good scenario.
Seriously this was actually a positively seen good scenario and a bootstrappy story my mom was living the American dream it only required her to work continuously for over two decades


Free Trade. Opening up countries with cheap labour, or countries that could set the price on labour. Chicken Tax was there for a damn good reason.
 
3 days ago  

ajgeek: I keep running the numbers on my income vs home prices in my area and I can't make the math work out. 30y mortgage (which is an INSANE number) at 2.75% on a 250,000 house and with insurance and property tax with 10% down is still like $1,400-1,600/month. And I'm paying all the maintenance.

There's maybe $60,000 worth of material and another $40,000 in labor (and don't get me started on why a 1/10 acre is worth $50k in ND). Where the hell is the other $100k? I can't afford that.


Once you do get that house just wait until you see the insurance coverage for rebuild. Picked up my house for $115k 3 years ago. Today my estimated rebuild on a total structure loss is sitting at $298K. You'll want to carry enough coverage to clear that bar.
 
3 days ago  
Bernie Sanders: "I would like Joe Biden to talk about his economic policy more"

Fark Lincoln Project Democrats: "Go fark yourself you pathetic whack job! Win an election before you open your mouth! Who do you think you are!?!" Froth froth froth

Why does Bernie keep being right about everything except his election strategies?
 
KIA
3 days ago  

seventypercent: There are an awful lot of people in the United States who have been absolutely kicked in the teeth over the past forty years or so. But here's the thing. When large percentages of those people faithfully and fanatically vote for the people who are doing the kicking, it becomes increasingly difficult to muster any kind of sympathy for them.


Yeah!  So stop voting Democrat!
 
3 days ago  

Sophont: waxbeans: Incontinent_dog_and_monkey_rodeo: .  Hell, they had to pay to make phone calls.

A landline was God awful cheap. Long distant costed big money.
But you could be on the phone for hours and hours with a landline that only became a thing recently with cell phones when cell phones originally came out it was per minute I remember having to not call people until in the evening to avoid massive cost

Don't fall into the trap of engaging with the moronic argument that because we get streaming services or smart phones or amazon prime that it somehow makes it ok that you can't buy a house and support a family on one average income.


Lots of people are still buying houses
 
3 days ago  

Unscratchable_Itch: All so biatches like this can have all the things...

WARNING: It's old news but it will make you sick and piss you off to no end, especially if the last time you saw her speak is still clear in your head.

Very Rich Betsy DeVos Has 10 Boats, Two Helicopters, A Yacht Scheduler And A Lavish Lifestyle You Can't Afford


Why would this piss me off?
 
3 days ago  

UltimaCS: Hey, I'd like to live comfortably in a nice condo in the good part of Los Angeles.
Get a STEM degree, ya bum!
Done. Still can't afford it.
Curb your expectations and get a cheap 1 bedroom.
Still no.
Bad part of LA.
Nuh uh.
45 minute commute outside of LA.
Ah, now we've got something affordable. So, now how do I move up?
LOL


See, in your example, the person giving the advice wasn't actually trying to be helpful.  Instead, they were giving flippant, off the cuff advice in hope that you, the listener, would shut up and take your problems elsewhere while shifting all responsibility for your situation to you, all while maintaining the barest edge of civility and the vague illusion that they were helping.

I've seen it before.   There are multiple reasons why I haven't had any contact with my relatives for years.
 
3 days ago  
I said this previously in a thread about wealth and I still support it, and so do the facts.

The reason you are finding it hard to make ends meet is not that there is anything more 'wrong' with the economy than the fact that the rich are taking all the money. This is easily proven by looking at 'income vs productivity' since 1940. It is far more blatant if you differentiate between higher earners and average/lower earners over the same time period.

If they took less, you would easily have enough. You could afford a house, you could afford college for your kids, you could afford to retire. It really is that simple.

The disgusting this is, they would still have an obscene amount of money if they did take less.

It's almost as though they take it to keep you down rather than elevate themselves...
 
3 days ago  

chitownmike: Smirky the Wonder Chimp: Sophont: waxbeans: Incontinent_dog_and_monkey_rodeo: .  Hell, they had to pay to make phone calls.

A landline was God awful cheap. Long distant costed big money.
But you could be on the phone for hours and hours with a landline that only became a thing recently with cell phones when cell phones originally came out it was per minute I remember having to not call people until in the evening to avoid massive cost

Don't fall into the trap of engaging with the moronic argument that because we get streaming services or smart phones or amazon prime that it somehow makes it ok that you can't buy a house and support a family on one average income.

At least we'll be well entertained while we huddle in an alleyway to try to get out of the rain for a moment.

Not if you can't find a place to plug in a charger


Well crap. There goes my sole remaining retirement prospects.  Warn a guy before you stick the knife in, huh?

/s
 
3 days ago  

Night Train to Wakanda: Bernie Sanders: "I would like Joe Biden to talk about his economic policy more"

Fark Lincoln Project Democrats: "Go fark yourself you pathetic whack job! Win an election before you open your mouth! Who do you think you are!?!" Froth froth froth

Why does Bernie keep being right about everything except his election strategies?


A bucket full of good morals and ethics is worth no more than a bucket unless you are in a position where you have the power to do something about it.

Step 1: win
Step 2: say and do the right thing

Unfortunately, so many on the left get these two simple steps in the wrong order and so they never attain Step 1.

And like a teacher who points out errors in your homework, I am not trying to disparage the left by pointing out where they are going wrong.
 
3 days ago  

waxbeans: Incontinent_dog_and_monkey_rodeo: .  Hell, they had to pay to make phone calls.

A landline was God awful cheap. Long distant costed big money.
But you could be on the phone for hours and hours with a landline that only became a thing recently with cell phones when cell phones originally came out it was per minute I remember having to not call people until in the evening to avoid massive cost


Bread and circuses
 
3 days ago  

Incontinent_dog_and_monkey_rodeo: The offset to that is that technology has given us a ton of things that people 50 years ago could only dream of.  I can carry 100,000 songs in my pocket easily.  I can Google anything I need to know.  I don't get lost because of GPS.  Tons of things exist that buy us more time than people had back then.  Hell, they had to pay to make phone calls.


Shiny trinkets for Manhattan Island? Hell yeah!
 
3 days ago  
i.pinimg.comView Full Size
 
Displayed 50 of 65 comments


Oldest | « | 1 | 2 | » | Newest | Show all


View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter



X
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.