Why is it that 50 years ago a family could easily survive on a single blue collar income but today double income...

Why is it that 50 years ago a family could easily survive on a single blue collar income but today double income families still can't make ends meet, let alone have savings, investments, vacations, college funds, etc?

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because niggers
because taxes for the rich are socialism and unamerican

the wealth will trickle down anytime now

>Why is it that 50 years ago a family could easily survive on a single blue collar income but today double income families still can't make ends meet, let alone have savings, investments, vacations, college funds, etc?

Women working leads to more labour which leads to lower wages as the working classes increasingly run out of bargaining power.

>Women working leads to ...

Wrong. See pic related. Rockefellers funded women's lib. Pls l2read.

>being this leaftarded

50s America was arguably the pinnacle of American free market capitalism. And by no mere coincidence the highest standard of living.

But nope we need socialism to return to an era of prosperity that existed under capitalism. jfc

It was an anomaly,

Mass immagration and women's liberation depressing wages
if it werent for jewry the minimum wage would be $20

women becoming part of the labor force and social mobility killed your american dream

when a man's wage no longer needs to support an entire family and no longer needs to account for rearing the father's replacement into the workforce (because social mobility), money dries up.

See:

>Mass immagration and women's liberation depressing wages

Tfw my father had a well enough paying job to provide for my mother, sister and me.

Tfw probably can't offer the same to my girlfriend,'

Tfw you will never enjoy a lucious breakfast, smoking your pipe and looking at the newspaper your dog Buddy brought you

Reeeeeee

60s America had higher real minimum wages, higher top tax brackets, much higher income and wealth equality, higher corporate taxes than today.

You know only the shit that Republicans spoonfeed you with.

>mass immigration
>implying those blue collar jobs stayed in your country

No it wasn't. Women didn't enter the workforce en masse until second wave feminism. Something can't be "an anomaly" if it existed that way for the vast majority of human history. If feminist theory was correct we would expect a nation to become twice as productive per capita when it's workforce doubled via feminism

Inflation

>women start working
>everything goes wrong
It's not the Jews on this one folks, your grandparents voted for this.

50 years ago manufacturing could only be performed by human labor. 50 years ago it was not affordable to ship goods across the world so the factory, the workers and the costumers all had to be local. 50 years ago we had the land land area but half the population so there were more houses per person. 50 years ago the government paid big money to invest in infrastructure and other contracts for US companies giving high paying jobs to people. Today that infrastructure is collapsing and no one is willing to pay for it. 50 years ago the government spent more on education (13%) and pensions (9%) than welfare (6%) and healthcare (3.5%) (usgovernmentspending.com/total_spending_1960USrn). 50 years ago the government was able to pay for all of this.

50 years ago the United States was the only country companies could thrive in and so it was the country that companies built their factories in, hired from and cold to. 50 years ago the government invested its spending in long term projects to improve the quality of life for the people not maintain their quality of life.

When it became too expensive to hire Americans the jobs left. When the infrastructure was all built the government contracts died out. When companies could hide from taxes overseas they left. When the parties found they could buy votes the spending changed. When the schools got full they overloaded teachers. When the people got upset the government paid them to shut up.

The is what we mean when we say America was great and can be great again. Vote for Trump. MAGA

Narcissistic, selfish Boomers who would sell their own grand children down the river for a comfortable life today happened.

Neo-liberal, Chicago School economics happened.

International "free trade" agreements happened.

Between 1945 and 1958, one of every 2 products in the entire world was made in the US. Why are you surprised that the 50s were easy for Americans?

because the banks realized they could double their number of clients if they halved the income of each household

That posting was great, except the last line, which ruined it all.

Trump proposed to coherent economic policy whatsoever.

ROBOTS

Can you build more upon this?

I feel like I'm reading a really good essay on Sup Forums

Fantastic post.

>The is what we mean when we say America was great and can be great again. Vote for Trump. MAGA

how?

Lets say Trump wins and builds his 25b wall.

How do you fix 95% of consumer electronics and clothing you buy being made overseas?

How do you fix your corporations outsourcing services to asia and legally dodging 90% of taxes?

>60s America had

>higher real minimum wages
wages stagnated when the US abandoned the gold standard in 1971. Destroying a currency always hurts the working class most. See pic related

>higher top tax brackets
marginal rates were through the room but what progressives won't tell you is that effective rates were lower than today. People were able to deduct much more of their taxes. We also are taxed on literally everything now. By spreading out taxes across everything in the economy, most people don't realize how much we actually pay. Combining city, state and federal taxes, the typical taxpayer has roughly half of his income taken by government

>much higher income and wealth equality
symptoms of problems, not causes

>higher corporate taxes than today
Flat out wrong. The US has a 35% corporate tax rate. It is tied for the second highest in the world, only trailing socialist shithole Venezuela's 37.5% corporate rate.

Trump has addressed this.

1. Penalizing US companies that move factories overseas through tariffs.

2. Allowing US corporations to bring foreign profits home with minimal taxation.

3. Massive public works projects

4. Promoting and incentivicing domestic production through tax reform and tariffs.

Are you retarded?

becuase you're poor as shit? its not hard to earn $300,000 alone.

>Massive public works projects
Oh fuck no. I don't want any more Obama jobs

Revolution, homie.

the workforce doubled in size cutting wages in half

People like this faggot in the picture are the main reason why. Hiking taxes and forcing companies to give their workers free shit force then to increase the product of their price.

>its not hard to earn $300,000 alone
How much are you worth?
Because having $300,000 puts you in the top 1%
You're literally saying that making it to the top 1% isn't hard.

forgot the post the faggot, sorry.

The wall is a massive public works project. NASA is a massive public project. Replacing crumbling bridges and roads is a massive public works projects.

You don't want any of these things done?

>Repeating digits
>88
Kek is here

violent, horrible revolution really is the only hope for america now. things aren't going to change for the better through standard channels anymore.

In the UK, we call those reasons: "Margret Thatcher" and "Tony Blair", ooh, and the older Generation who have got what they want, and are now being dicks.

no i think he just doesnt want to do it

America in the 1950s was an anomaly though. The amount of wealth that the United States accumulated in WW1 and WW2 is mindblowing, and it was mostly from Great Britain during the period prior to Lend-Lease in 1940 and early 1941.

ALL of that shit was paid for in Gold or confiscated securities.

The overall share of taxes of GDP is roughly the same as it ever was. Google it.

There is an intransparent net of tax deductions from these 35%. Corporate share of federal tax revenue has dropped by two-thirds in 60 years — from 32% in 1952 to 10% in 2013.

Yeah, the average worker pays more. But thats because those who should are paying less.

Feminism forced women into the workforce and now you can't remove them without a massive economic crash. Thanks, kikes.

youtube.com/watch?v=nZHRgTskEhE

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Lmao, underrated post.

Inflation. Pure and simple.

>Apple, Facebook, etc say: We are Irish/Cayman Islands/Estonian companies now :^)

>Public works plagued by partisan sabotage

>Post millenials are college grads and undergrads, they will say "i didnt study gender studies and liberal arts for 6 years to work a FACTORY job!!"

I want it done efficiently. That's something the government sucks at.
Last time obama had a public works project, it was just about jobs. They'd hire like 3 people just to hold a sign that says "slow" when they could've just stuck it in the ground. Those people got paid to do nothing all day.

I'm also not that big a fan of NASA,but they're getting better.

And if we're going to spend money on infrastructure, let's spend it where it matters. On bridges and crumbling roads,not sections of the interstate that were already smooth

What got so expensive that a single wage can't pay anymore. Housing?

Hmm so I work and make 65k a year, have a stay at home wife and 3 kids. I take no welfare yet we live in a decent neborhood, have 2 decent cars, eat very wrll(home made meals), still go out on the weekends.... Hmm maybe yall just are bad with money?

It's more complicated than that.

British manufacturing was a Commie infested mess though. Just look at the state of the British car industry in the 1970s, just awful in comparison to German offerings.

Thatcher just finished it off.

And now Jaguar is owned by Indians.

Supporting a stay at home wife and 5 kids as a factory worker.

What job user?

if we had socialized medicine the company wouldn't have to pay a third of your wages to an insurance company. a single payer system is more cost efficient. workers get a raise bigger than the tax hike and get better care. everyone wins

Could it also be that Eisenhower had a 90% tax rate on the top 1% earners as well?

Yeah I think people are just retarded and buy shit they can't afford. Then it's everyone else's fault. BAWW WHY CANT I SURVIVE

Where do you live?
$65k would be poor as shit in Manhattan, but seeing as you own 2 cars I'm guessing you don't live in Manhattan

The word "economy" is derived from a Greek word meaning household management.

The economy is supposed to serve the people, the people are not supposed to serve the economy. A national 3% GDP growth is meaningless if the population does not somehow benefit. It becomes an irrelevant number.

So many people say:
>Gone are the days of giant steel mills and factories that can employ 10,000 people at a time with very satisfying wages

Steel is still being produced. Factories still exist. Products are still being made. Why not in the US for a US market at decent wages?

It seems like the modern orthodoxy is that the people must adapt to the economy and not that the economy must adapt to the people.

I just don't know anymore. I guess it's just people that are fully vested in the current economic structure defending their wealth by perpetuating the status quo at any cost.


The only thing I can think of is that the monetary system itself requires perpetual growth or it will collapse, and that the social welfare systems that are in place are structured like Ponzi schemes and will implode without sufficient numbers of new people paying in each year.


Are the politicians really willing to destroy Western Civilization just to save the monetary system? Are they really willing to destroy Western Civilization just so they don't have to admit that they have mismanaged the social welfare programs?

It's like burning down your house so you can collect insurance money that you will use to pay the mortgage

I am going to guess some southern state like Texas or Wyoming where shit is still cheap

Define buying shit you can't afford. Are you saying debt is bad? Or are you just saying people are living beyond their means?

>dad is lineman for the electric company
>makes good money but has 3 kids
>makes too much so no financial aid for me even though it would help me
>sister is a tard so no problems there
>can't pay for my school
>made me join the navy
>brother is senior in HS
>accepted to Rutgers and my dad is paying for it

I want to kill myself

Crippled America. By socialism.

You leave thatcher alone, she was one of us

The oligarchy pushing feminism (two incomes) so they could get away with destroying the spending power of the dollar.

Ayy what's up Iowa bro, Story County here.

I agree. We need a total, top to bottom reform of the civil service, Prussian style.

I live in Omaha NE and the cost of living is cheap as shit here. A 900-1100 sq ft 2 bedroom apartment is like$800-1000 with utilities in a nice part of town. I've lived in other cities and that much money would get me a dump in the ghetto

Inflation. Which is good, since we need inflation to allow growth. Inflation devalues debts for everyone, including the US itself.

But when inflation is 2% (or lol 18%, 20% like Reagan's first couple years), and you get a 1% raise...you fell behind. In fact, you fell behind because, in addition to inflation, companies raised their prices beyond it. Inflation is 2%, they raised their prices 4% for a total of 4% raised prices YOY. ...But you got a paltry 1% raise, IF you were lucky. Now everything is 3% more expensive.

"But economist-bro," you ask, "Why should they care about how their employees?"

Well, for starters, this brings us to what's known as "Tragedy of the Commons." For an individual business, it's great for them, because they're making more money than they were, before. Similarly for every other individual business that does the same. But what about a collective of those businesses? What about an economy? Inflation makes them more money, but not as much money as more sales would -- however, the reduced worth of the wages people make drives sales slowly downward. The answer to this is simple, in the minds of some business owners -- they'll just cut costs! Fire some workers, streamline the business. And again,for individual businesses, this is good. But if every other business does the same, all businesses suffer.

Soon, they have to cut further costs, and further costs. Ever sit in a fast food drive-thru for 30 minutes waiting on your food? Not very fast, at that point, right? This is because they cut costs. So did the other businesses. The people with money stop shopping there as it becomes too time consuming.

Forcing you to cut more costs until there's nothing else to cut. And sure, you might be okay for a while, barely making ends meet with some profit, but ANY negative shock could put you, and your business, under.

"Well yeah, but, wouldn't it be obvious that this is what's happening to the business owners?"

niggers should be enslaved again

>Margaret Thatcher
>Reason for a bad economy

This must be bait, but the UK was on it's knees before she got in. We had an overwhelming amount of the communist manifesto ticked off

1. Women and illegal immigrants in the workforce devalue a blue collar mans wages/earning potential.

2. Fifty years ago, parents were expected to provide shelter, food, and clothes for thier kids. A high school education was the standard. Family's had a single shared car. Now Millennials have student loan debt from bullshit college degrees, and want new purses, SUVs, and a luxury apartment in a gated community. People today define the middle class lifestyle the same as people lived in Hollywood fifty years ago. We're much more materialistic today.

Your children will hate you for being a pussy. You can let rich rob you but why taje it out on your children? They have no real future now.

Overhauling how the budget is appropriated and how these various agencies operate is pretty much impossible, even for the president. It'd take a miracle to fix all of the inefficiencies of government spending

Nobody actually paid 90% of their income. The marginal rate was that high but when you add in various deductions, the effective rate was actually significantly lower. Pointing out that 90% marginal rate is just a progressive meme to trick people that "hurrr durr even Eisenhower was a socialist"

the entire industrial sector of every industrialized country except the US had had a retarded amount of explosives dropped on it in WW2.
therefore investor confidence in the US was crazy high, and our opportunity cost for a laborer was extremely high.
this lasted for atleast 30-40 years and was even helped along again by the dot.com bubble/ silican vally shit that happened.

now the rest of the world is caught up and you have to compete with steve from india

...

Computer tech for the DoD
Arizona, I also have 4 guns.

>Boomers who would sell their own grandchildren
I hear this pretty often, but my grandparents are boomers, and they aren't like that at all. They've spent their lives trying to give me a leg up on my peers since the day I was born. It seems odd that I'm the only person I know that has supportive or caring grandparents.

Haha. Pablo, Mexico is GOING to pay for the wall and there is nothing you can do about it.

Cancelling visas of immigrants here who send $24 billion a year back to Mexico (fukking savage, no way to know who sends money away so just send em all back)

2. Put a fee on Mexican working visas (essentially a tax) to pay for it (this is the way to go)

It wouldn't have to be this way if you god damn Mexicans would stop coming here illegally then sending our money back to your country u cunts.

>anyone actually paid 90%

Yeah, if you look at federal tax receipts as a % of gdp, it's stayed around the same level regardless of the tax rates. If anything, the tax rates have changed in order to keep that number at the same level. It's not about greed, or corruption. It's about stability

This desu.

Thank you globalism.

You show an astonishingly naive idea of what economics is.

Gold is not wealth: production - labor and resources - and its proxy of capital monetization are wealth. One part is real; the other is bookkeeping.
The productivity of the US and the world now dwarfs that of the 1950s, as does the per capita productivity of the world.
What has changed significantly are:
1. The efficiency of the production of needs, leaving more wealth for "gadgets"
2. The assignment of proxy value; things you don't need cost more that things you need, and more importantly, the speculation value of what what is held as wealth is more dependent on how many people decide to sell at once;
3. The distribution of wealth between individuals.

Things were not better in the 1950s, economically or otherwise. That is the only answer to OPs question; not a bunch of nonsense about gold and lend lease.

I'm guessing you support the bag-o-bones

Tell me this, what the people's desire to do better, work harder, and go up the ladder? They don't tell you that in your university..

Americans consume more. Bigger houses, more expensive cars with more features, prepared food, more consumer goods, more services.

In the 1950's the houses were smaller often with children sharing rooms. Meals were homemade. There was no A/C. No wi-fi. No cable. Home and car repairs were done by the owner.

And, finally, consumers didn't buy every fucking thing on credit and have to pay a shitload in interest.

If Americans were willing to live like they did in the 1950's they could easily make it on a single blue-collar wage. But many choose not to.

Arizona has more illegal immigrants than all of the other 49 states combined.

But I don't know much about the economy down there. I do know that it's a great place to be a teacher, since birth rates down there are the highest in the country. Teachers are in high demand down there.

(cont.)

Well, not exactly. See, nobody really misses 1 or 2% off the top of their paychecks via increased cost of food, for instance. That's a tiny part of every day spending, you might be paying a dollar or two more!

But that's EVERY YEAR. Now extrapolate that out to say, 35 years, and we see that even people making 50k/yr are making 75% of what they ought to be making, and the gap widens the lower you go. All the way down to minimum wage, which should be a around 11 dollars today...but is 7.25.

Where this minimum should vary from place to place, 7.25 is still too low for even the CHEAPEST place, without food assistance or welfare. In addition, the cheapest places are also plagued by lower home ownership, and fewer property taxes, which in turn leads to schools in disrepair, with poor books, poor services for thecommunity (2 hours at the DMV, anyone?), increased DIRECT costs to the community via services, normally paid for by taxes, now paid up front by use. Poor roads and other infrastructure that costs still more money from the community itself in indirect costs.

Simply put, to cut costs at a government level is to let communities languish. To cut costs at a business level is to let your employees languish, and you are only in business because people are both willing AND able to pay.

>kansas

hmmmm

And not much just enjoying the GREATEST state in the union.

You can stop copy/pasting this now. The only thing you're correct on is wealth distribution changed significantly between then and now

>It'd take a miracle to fix all of the inefficiencies of government spending

If true, we are doomed to implode. I prefer to hope that it can be done and that recent presidents and Congress have simply not had the will.

We know that Hillary won't even try to reform the civil service.

Trump is all about efficiency. He may turn out to be a great president or he may turn out to be a meme president, but we are faced with a choice of more of the same expecting different results, or the possibility of true systemic reform.

I gave up my normalcy bias years ago and am willing to gamble now.

Mass immigration drove wages down.

I agree with this. The boomers are responsible; their parents, the golden gen, hated their guts for good reason.

America was the only game in town after WW2. Europe was in ruins.

>Kansas
>Just a boring version of Nebraska
>Greatest state
FFS dude, the best Kansas City isn't even in your state

minimum wage is a tenant of communism and highly destructive to the economy.

There was less to buy.

Imagine your income and life at the moment.
Now imagine you didn't pay for internet, phone and cable every month.

Now imagine you didnt need to buy an entire computer or a laptop, iphone ipod tablet etc.

Add up all these new things every single person has by default and it'l add up to 20 grand or more spread out over a few years.

That disposable income is the deal breaker or maker, most people have the extra income its just pissed away with not the rising cost of things but new things that everyone feels they are entitled too.

Increase in wage adjusting to the cost of living doesn't workout when every year you add new things needed as a base standard of living.

The price of things hasnt gone out of wack, its just instead of needing 3-5 things a month now you need 5-10. Eventually it will be 20 things then 50 so on and so forth.

...

dont shit up this nice thread with meme spewing

if you've actually read trump's propaganda, you can see he has no plan to make mexico pay for anything. remesas are about 5% of mexican gdp and oly about 4% of that are US remesas; not enough to make our gubmint, who will be elected on an anti-trump platform after trump wins (if), to bow down to pressure to finance the wall.

Yup. See

>I literally have no idea how the economy works: the post

If it wasn't for dumb capitalism the minimum wage would be a bajillion dollars lmaoguize