Biden's Economy?

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Doctor CamNC4Me
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Re: Biden's Economy?

Post by Doctor CamNC4Me »

Yeah. Corporate greed is a helluva thing.

Jesus. I sometimes wonder if Xanax is a parody account.

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Physics Guy
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Re: Biden's Economy?

Post by Physics Guy »

Might be worth looking for more authoritative figures for median salaries over time, and surveying a wider range of goods.

Comparing cars across 75 years is also dubious. A new car with the safety and performance standards of 1957 wouldn’t cost $30K today.
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Vēritās
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Re: Biden's Economy?

Post by Vēritās »

Ajax wants to bring back 1957 as the perfect economic time in US history huh?

Someone should remind him in 1957 the progressive tax rate was as high as 90% for highest income earners.
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Gadianton
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Re: Biden's Economy?

Post by Gadianton »

That guy was definitely a right-wing Christian, given his reference goods are gas, cigarettes, and beer.

https://www.in2013dollars.com/Televisio ... -inflation
According to the U.S. Bureau of Labor Statistics, prices for televisions are 99.29% lower in 2023 versus 1950
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Re: Biden's Economy?

Post by Gunnar »

Gadianton wrote:
Sat Feb 10, 2024 5:02 pm
That guy was definitely a right-wing Christian, given his reference goods are gas, cigarettes, and beer.

https://www.in2013dollars.com/Televisio ... -inflation
According to the U.S. Bureau of Labor Statistics, prices for televisions are 99.29% lower in 2023 versus 1950
Amazing, isn't it? I have certainly noticed that. I see in stores nowadays TVs up to 50" wide or wider, with ultra-high definition HI FI stereo sound, built in access to a bewildering array high tech features and access to the internet, that I once could not even have dreamed of owning, yet priced at less than a quarter of the price I paid for my very first color TV set back in the early 1970s. It was barely 19" wide, and had laughably inferior picture quality and sound compared to the cheapest available TV one can now purchase anywhere. Even the cheapest, poorest quality monochrome TVs, with tiny screens, used to cost more than some of the highest quality, feature rich TVs one can now buy!
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