Trying to Survive the Economy

ReedG

Member
Saw some comments on another post about U.S. economy and didn't want to hijack that post with political comments.

In 1966, I was three years into a blue-collar career as a Linotype operator breathing molten lead fumes at the local newspaper. That year, my income hit $8,000. I was married, one child and another on the way, and was able to support my family respectably with that pay.

According to the charts, the Dow-Jones Industrial Average for 1966 was 760. Yup, 760. I think that was the heyday of America: people with a high school education could get a decent job, provide for their family, and look forward to many years of the American dream. Corporations were raking in money, investors were raking in money, it seems there was a piece of the pie for everyone.

Today, the American worker has had his throat cut. Relaxed tariffs, NAFTA, etc., have made it impossible for a worker to support their family on a single income. According to the government, to have the same purchasing power in 2013 (last year listed) as my $8,000 had in 1966, a blue-collar worker would need to pull down $55,540.16! Are you kidding? Where in America can a high school graduate expect to go get a job that pays $55,000?

Where's all that money gone? Just checked and right now the D-J is 16,633.39! The haves are stealing from the have-nots at unprecedented rates. The only thing that ever made America different than all the other civilizations is that we had a middle class with good jobs. It's gone. Ain't coming back. And the Monopoly game is about to implode.

Everyone is at fault. The Democrats are crooks. The Republicans are crooks. The Independents just can't decide who to screw when. And I don't see anyone on the horizon that's going to change it. What has happened to this country cannot be solved by a new amendment or legislation. We are a country that has lost its heart and soul and it cannot be fixed by talking.
 
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Paul, I know lots of people with high school educations have done well. I did OK myself and stayed on that first job for 45 years.

I'm most concerned about young people getting jobs they can live and/or raise a family on. When I was young, the rule of thumb was that a month's rent in an apartment (yes, we all started out renting) should not be more than a week's wages. In 1966, my rent was $80 and within the rule. Today, in this area, a two-bedroom apartment runs from $850 to $1,200 a month, depending on whether you dare to lay down and go to sleep in it. My grandchildren and their friends are looking at entry-level jobs that pay $8.75 to $10 an hour. They have to work two jobs and/or live with someone else who is to make a living. That's not the American dream.

When I graduated from high school in 1961 I had a good enough education and skills that I could have gone to one of several manufacturing plants in this area at gotten a job that would have supported me and my family from the first week on. My graduating class had 104 students in it and at a recent reunion a bunch of us were reminiscing and we could only count a handful of families of students in our class who had a mother working outside the home. And they were self-employed shop owners, disabled fathers, etc.

Lee: That is an interesting story. The line that jumped out to me was "We have run out of other people's money."
 
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