I e posted this before. In 1971, Nixon took the US off the gold standard.

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Jan 28, 2022
7:00:05am

Brigham All-American

I e posted this before. In 1971, Nixon took the US off the gold standard.

I honestly don’t k ow if it just coincidence. 1971 was also the birth of our technology boom so that probably played a big role.

Anyway, look at all these charts. Pretty sobering and you wonder if it is sustainable.

WTF Happened In 1971?

WTF Happened in 1971?

"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." - F.A. Hayek 1984…

https://wtfhappenedin1971.com/

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Brigham

Bio page: Brigham
Joined: Jul 6, 2001
Last login: May 5, 2024
Total posts: 22,872 (7 FO)

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Messages

Author

Time

Graph showing 'How Much Americans Make'. Median income in 2020 among employed was $43k

Zenoch All-American

1/27/22 9:49am

It must include part time workers.

Belboz

1/27/22 9:55am

It breaks it down by age. 30+ year old is around $52k.

cougsareforreal

1/27/22 10:02am

yeah, I see that. It must include part time workers.

Belboz

1/27/22 10:11am

No idea what the American Community Survey is but it conflicts w/ Census & Fed

BYU'01

1/27/22 7:27pm

And a lot of Reddit using dog walkers.

1/27/22 9:58am

There's a lot of mockery and hatred on CB for people struggling to get by.

ReyOso

1/27/22 10:07am

Um, pretty sure the dog walker is by choice.

Romex

1/27/22 10:08am

"go to college" isn't a magical ritual that leads to riches.

Belboz

1/27/22 10:15am

And if you decide to go to college, please consider ROI. Most degrees are little to no value, yet cost just as much.

Unibro

1/27/22 1:06pm

Universities should be held accountable for this type of thing. Come to college,

Powerbait DPM

1/27/22 4:06pm

I wish I would have been more aware of this when I was in school...

Cougphysio

1/27/22 8:38pm

It was her choice. She leads the Reddit revolt against working a FT job.

1/27/22 10:15am

Not sure why your response is to my post (mine was supposed to be to in response toBelboz) Unless you think that guy on

1/27/22 10:27am

I'm not sure who you're talking about specifically?

ReyOso

1/27/22 10:39am

Yes.

cougfanz

1/27/22 11:31am

We do need to get over the myth that college = success. It doesn't, especially with how many journalism and other

Unibro

1/27/22 12:26pm

Link to the hatred posts?

Unibro

1/27/22 1:07pm

It's really disturbing. People throwing a lot of nonsense quick fixes out there

Mitty

1/27/22 1:25pm

I think this is a reference to the Reddit r/AntiWork moderator

reddead

1/27/22 2:05pm

Perhaps the problem is the fact that they're "workers"

Cougarclaw

1/27/22 3:12pm

You’re entitlement is showing.

Powerbait DPM

1/27/22 4:11pm

entitlement is believing you have a right to something.

Cougarclaw

1/27/22 5:15pm

Im Sorry, the sarcasm in my post wasn’t as clear as I thought. It was purely TIC

Powerbait DPM

1/27/22 5:36pm

There are also quite a few on here that are very out of touch with what people

BYUFootballisBack

1/27/22 4:56pm

I get your point, but I also think that people have come to expect too much.

AggieWeekendCougar

1/27/22 11:13pm

I agree. The wants and needs compass is totally out of wack. My wife and I are

Cougphysio

1/28/22 12:09am

One thing that really helped us was creating a personal allowance within our

Powerbait DPM

1/28/22 11:26am

We have "personal funds" so it's guilt free money to do what you want with but

Cougphysio

1/28/22 4:21pm

That will be me in about 18 months. 30 year payment at 3% will be $1500.

Powerbait DPM

1/28/22 4:24pm

<< Deleted >>

canofpicante

1/28/22 11:16am

Go back 50 years to 1970 median income was $9870

mottman

1/27/22 10:16am

We'd need to dig into the numbers more to know if your conclusion is accurate

Belboz

1/27/22 10:17am

But I'm told smartphones or something make up for all that, so it's ok.

Mitty

1/27/22 1:29pm

Now post the avg cost of a new car and home in 1970. Eye opening

1/27/22 9:56pm

Not a lot of 1970s era cars, technology, medical care, goods & services that are

BYU'01

1/27/22 10:23pm

Where are you getting your estimates of inflation?

BYU'01

1/27/22 10:12pm

I have heard people talk about more women getting into the workforce in the past

crack

1/27/22 10:22am

Progressives tend to push hard on getting women into the work force and

hansel

1/27/22 1:34pm

Is this what I actually make, or what IRS thinks I do?

viper

1/27/22 10:50am

Define income. I am uncertain what we are looking at here. Gross? AG? Net?

thecthdox

1/27/22 3:46pm

this chart is useless. Household income is the statistic that matters.

Mayor of Cougartown

1/27/22 4:56pm

For single adults, household income doesn't measure anything

donnerstag

1/28/22 7:53am

that's not what household income means. They are still one household even

Mayor of Cougartown

1/28/22 12:00pm

I e posted this before. In 1971, Nixon took the US off the gold standard.

Brigham

1/28/22 7:00am

Here you go, this is what we're talking about. All those productivity gains

Mitty

1/28/22 11:23am

Part of the reason/push for crypto

BYUFootballisBack

1/28/22 4:25pm

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