How the “American Dream” died, now that the USSR fell and capitalist scum don’t need to throw crumbs at the working class anymore to keep them from joining the communists
Ayoo the 430k homes they build today are a tenth the quality of the homes built in the 2000s. Don't buy these cardboard boxes
Uhhhh that annual salary seeming kinda high. Wtf?
Seems within range for a CS graduate.
You're both right. It's a salary someone can make in the right field out of college, but it's also $30K (or more) above what a lot of people make.
new Jim more likely lost all his savings speculating with stocks and other securities, being grown up in neo-liberal paradigm
Wait, is that car price accurate? I was always told that for some random reason cars in the USA were the only thing they had cheap. Might as well import a Geely or Lada at that point... oh wait.
You can get a brand new compact car in the low $20,000 range. But those kinds of cars weren't really a thing in the early 70s as far as I know, so maybe they're trying to do a more apples-to-apples comparison with a big ass sedan with a big engine. Even then though, I'd think $35,000 or so would be a more reasonable figure.
With that said, I'm not sure what $30,000 bought you in 1973, but $400,000 feels pretty low to me if you want to live anywhere near a city and don't want to spend multiple hours per day driving to your job.
Depends on the car really the one used in the graph was probably a crossover SUV or a pickup truck, but I think the people who mentioned the cheap cars were talking about the used market but even that is going up.
Might as well import a Geely or Lada at that point… oh wait.
There's a car import law in the US that only allows cars older than 25 years to be imported, so it's impossible to import a Geely, but still possible to import a Lada
Is Jim's finances adjusted for inflation?
I checked an inflation calculator and the prices are still 2x higher. New house for Jim would have been 200k with today's money, not 400k like it currently is. New car is the same, 20k in today's money, not the 50k we see there (I have an issue with that one. My new hybrid was 21,000 5 years ago)
Old Jim made the equivalent of $72,000 in todays money...
People need to lower the bar, especially when starting out.
Or people could recognise they're being robbed blind by the bourgeoisie and organise