Worker pay isn’t keeping up with inflation

Re:Worker pay isn’t keeping up with inflation by jl6 on Friday December 17, 2021 @10:47AM (#29593751)

> most Americans are significantly worse off since the 1970s

I wasn’t around in the 1970s, so can someone explain to me how great it was with some examples that would make me want to go and live in the 1970s?

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Re:Worker pay isn’t keeping up with inflation by Workaccount2 on Friday December 17, 2021 @10:52AM (#29593839)

There is a whole website for this, but it's more the 1960's that were golden.

https://wtfhappenedin1971.com/

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Re:Worker pay isn’t keeping up with inflation by jl6 on Friday December 17, 2021 @02:19PM (#29597053)

That’s just a bunch of [highly motivated] financial metrics. I was hoping someone might tell me some real-world benefits like “I used to be able to do X, now I can only do Y”.

Of course I don’t expect to hear much because as far as I can tell, 2020s USA is better than 1970s USA in every way I can think of.

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Re:Worker pay isn’t keeping up with inflation by sfoley on Saturday December 18, 2021 @03:51PM (#29608386)

You can’t think of healthcare costs?

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Re:Worker pay isn’t keeping up with inflation by jl6 on Thursday December 23, 2021 @05:22PM (#29667179)

Yeah that sucks, but there are many, many more treatments available today than in 1970, so I’d almost certainly prefer to pay 6x the cost of 1970s healthcare to get 2020s-quality treatment.

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Re:Worker pay isn’t keeping up with inflation by ttymck on Friday December 17, 2021 @10:53AM (#29593846)

I'm sorry I don't have sources, but anecdotally, home ownership is so far out of reach for most Americans today. The common rhetoric is that "a store clerk could afford a [desirable] home for their entire family" in 1970 while today they often need double income to rent a 1 bedroom apartment.

Hoping someone comes along with a more evidence based continuation of this point.

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