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Yes. A magazine article which used current statistics.
a magazine ????
Did you read the article?
besides, prior to 1955, the 'poverty line' was estimated by FOOD CONSUMPTION not income earned
No. I've been talking about a family all along. Or trying to. It was Aazadan who shifted the goalpost to a single person.
actually, you keep vascilating between individual and family ... it does make a difference.
No. You claimed that there was a decrease in the economy during the 1950's. There wasn't.
oh, so now you're arguing the median FAMILY income whereas this thread is discussing 'individual' incomes ... moving the goal posts again, are ya ??
Right. Individuals who are complaining about not being able to support their families because a job they accepted does not pay enough to do so.
families are not striking, individuals are.
Not on minimum wage they didn't. The ones who bought houses and college educations were earning more than minimum wage.
and individuals are the same ones who bought houses, cars and college educations, then and now.
I agree that it has little to do with the plight of the burger workers. I didn't bring up how wonderful it was to work for the minimum wage in the 1950's but I can't help but point out a fallacious argument even if it is irrelevant.
The rest of what is going on in this thread is bullcrap.
yes, i said $15/hr was a wee bit high but not by much.
Congress isn't "management" and $22,500 is not $31,200.
actually, no, he wasn't, not yet anyway.
Chrysler...yes, an unheard of salary. But he was president of the company, that's more of an executive position
he was "management" of a division when he drew that salary.
A few months after leaving GM, the manager who could work miracles was recruited to be executive vice president of Willys-Overland, an auto company that was near bankruptcy.
productivity vs compensation
Increases in labor productivity—the most commonly used productivity measure—reflect investments in capital equipment and information technology, and the hiring of more highly skilled workers.
the article in the magazine ??
Did you read the article?
no, i didn't.
You claimed that there was a decrease in the economy during the 1950's. There wasn't
not always and more often than not, those who weren't earning more than minimum, didn't buy houses, they built their own.
The ones who bought houses and college educations were earning more than minimum wage.
I did. I posted the statistics. But ok, here's what you posted:
the government statistic did ... read it for yourself.
More money overall.
Between 1947 and 1958, aggregate personal income of families and unrelated individuals rose from $185 Billion to $338 Billion.
More family income.
This rise was accompanied by a marked increase in average family income and by a gradual upward shift of families on the income scale. The average income of families increased by two-thirds (from $3000 to $5100) during this period
Fewer people in the lowest income groups, from 49% of the people to 24% of the people.
At the same time, the proportion in the lowest income groups (under $3000) was cut in half (from 49% in 1947 to 24% in 1958)
More people in highest income groups.
and the proportion in the highest income groups ($10,000 and over) had tripled.
Yes. I know. In the 1950's is was no picnic raising a family if you were earning the minimum wage. And you sure weren't going to buy a house, go to college, and have something left over.
the same individuals who were working to support a family then are generally the same individuals trying to do it now. (head of households are still individuals, ya know ?)
I'd like to see the statistics on that. I think probably they would be renting. But the claim that one could obtain a mortgage and buy a house when earning minimum wage.
not always and more often than not, those who weren't earning more than minimum, didn't buy houses, they built their own.
You're the one who quoted the million dollar figure.
i don't know what you're reaching for there but we were discussing a MANAGER from 35 years BEFORE 1955. Not a VP who earned $1 million.
Maybe. I'm sure he was one of the top earners. What's your point? How does it relate to minimum wage?
Chrysler was making more than $15/hr in 1920, as the manager of the Buick division.
deflect much ??
Wrong. A very good example of what happens when someone wants use their resources and abilities to make something of themselves. Do you think Jobs was whining about getting paid minimum wage for flipping burgers? Was Gates demanding that his wages be doubled?
nah, students with the barest of essentials, working out of their garage couldn't possibly have developed Microsoft, right ??
Originally posted by Phage
reply to post by Aazadan
But you have fun shifting the goalposts don't you? Yes if one works harder then can improve their position. That's a well established principle. But lets just pay them more so they don't have to work so hard. Ok?
Originally posted by Phage
reply to post by Aazadan
For a total of $1402.92 on an income of $1716. I'm not sure where you're getting $1728 from. $8.13/week. Your grocery list is light. Very light. You'd have a hard time sticking with that budget.
never said it was but it was certainly doable.
In the 1950's is was no picnic raising a family if you were earning the minimum wage.
often, they built a house, enhanced their trade skills via apprenticeships and had plenty left over or we wouldn't have had a 'baby boom' in the 60s.
And you sure weren't going to buy a house, go to college, and have something left over.
Originally posted by Phage
reply to post by Honor93
No. I've been talking about a family all along. Or trying to. It was Aazadan who shifted the goalpost to a single person.
Not on minimum wage they didn't. The ones who bought houses and college educations were earning more than minimum wage.
Ah. The "Einsenhower recession". It lasted less than a year and was a small blip in the overall post-war boom.
"Slight Rise in Family INcome in 1958 Despite Business Downturn"
I don't see any steady downturn there. Do you?
NO, it was on a steady downturn
(as provided in previous links you clearly didn't bother to read)
Yes. Imagine that. The head of the household wasn't working but others in the family were.
hmmmm, unemployed and still above the 'poverty line' of $3000, imagine that ??
Yes. They became skilled and no longer had to work for minimum wage.
enhanced their trade skills via apprenticeships and had plenty left over or we wouldn't have had a 'baby boom' in the 60s.
I know. And that's why what you were talking about isn't relevant. This whole thing is about people complaining about raising their families on the mininum wage. You moved the goalpost to a single person.
I've been referring to an individual ever since I got in the thread, I've never claimed family.
That may or may not be true, however we have shown by both of our numbers that someone on minimum wage COULD afford those things.