HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Payroll employment increa... » Reply #36

Response to TheFrenchRazor (Reply #32)

Sun Dec 10, 2017, 11:43 AM

36. When has there ever been?

Last edited Sun Dec 10, 2017, 07:16 PM - Edit history (4)

the reality is that there are not nearly enough good paying jobs for the number of people who need them.


You would have to go back to the 1970s and before to find better inflation-adjusted numbers -- and that was mostly for white males. It was not a great economy for single women or people of color.

Also, see #35 for the average wage of production and non-supervisory workers.

If you have some statistics from reputable sources (not Zerohedge etc.) that back up what you are saying -- whatever it is -- please provide.

Here's median household income (since you don't like averages). Although that statistic is problematic too considering that household sizes have been shrinking and there are more over-65 retired people than there were in 2000. Yes, median household income has been stagnant on an inflation-adjusted basis. And unfortunately the farthest it goes back is 2000. And as always, median statistics entirely leaves out half of the population -- the population over the 50 percentile.
http://advisorperspectives.com/dshort/updates/Median-Household-Income-Update.php
https://www.advisorperspectives.com/dshort/updates/2017/06/22/may-real-median-household-income-little-changed-from-april-last-report


On Edit - here is a link to the Census Bureau's median real household income (i.e. inflation-adjusted)
It begins in 1984 and goes through 2016 (its an annual thing)

https://fred.stlouisfed.org/series/MEHOINUSA672N

1984: $49,355, 1999 (peak year until 2016): 58,655, 2012: (local bottom): 53,331, 2016: 59,039

Though 1984 wasn't a great year -- it was shortly after the 1980-1983 double-dip recession. So the above is starting from a low base year.

As the graph clearly demonstrates
?g=gyBg

Ha ha. I wish I knew how to embed a FRED graph in DU, sigh (I'm seeing a wonderful FRED border surrounding an entirely empty white area).

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 37 replies Author Time Post
mahatmakanejeeves Dec 2017 OP
Kilgore Dec 2017 #1
mahatmakanejeeves Dec 2017 #2
Fred Sanders Dec 2017 #13
highmindedhavi Dec 2017 #19
BumRushDaShow Dec 2017 #3
mahatmakanejeeves Dec 2017 #15
BumRushDaShow Dec 2017 #16
mahatmakanejeeves Dec 2017 #17
Norbert Dec 2017 #4
Bengus81 Dec 2017 #5
Fred Sanders Dec 2017 #12
Marthe48 Dec 2017 #6
Glimmer of Hope Dec 2017 #7
mahatmakanejeeves Dec 2017 #11
mahatmakanejeeves Dec 2017 #8
ProfessorGAC Dec 2017 #9
progree Dec 2017 #20
ProfessorGAC Dec 2017 #21
progree Dec 2017 #22
ProfessorGAC Dec 2017 #23
mahatmakanejeeves Dec 2017 #10
Steerpike Dec 2017 #14
TheFrenchRazor Dec 2017 #34
IronLionZion Dec 2017 #18
Bengus81 Dec 2017 #24
progree Dec 2017 #25
LenaBaby61 Dec 2017 #26
progree Dec 2017 #27
TheFrenchRazor Dec 2017 #33
progree Dec 2017 #35
mahatmakanejeeves Dec 2017 #30
mahatmakanejeeves Dec 2017 #28
mahatmakanejeeves Dec 2017 #29
mahatmakanejeeves Dec 2017 #31
TheFrenchRazor Dec 2017 #32
LineLineNew Reply When has there ever been?
progree Dec 2017 #36
treestar Dec 2017 #37
Please login to view edit histories.