This page has been archived and commenting is disabled.
When Income Peaked - Americans' Best Days Are Behind Them
Median household income peaked at least 15 years ago in 81% of US counties. As WaPo reports, for a stunning 210 counties, income peaked over 45 years ago!!!
Click image for large interactive version...
What does all this mean?
Simple - adjusted for inflation, the great majority of middle-class houoseholds are earning far less money than they did years ago.
»
- 19129 reads
- Printer-friendly version
- Send to friend
- advertisements -
1 year ago... oil income... oops!
Stop paying NOW or be very sorry later !!!!!!!
Stop paying National Organization for Women?
Live for NOW, like Gloria Steinem.
--Bloodhound Gang
85 men [and declining] control more wealth than half the worlds population.
No one should expect a good result from that.
In fact, we are seeing those no good results across the board in data such as this.
They must really have guts.
Lets see what they look like.
money lending for consumption will always lead to this situation - arithmetic dictates it
Between the criminals running this country and the Homer Simpsons' believing and voting for them over and over, what's to expect?
Sprinkle in some corrupt markets, banksters, and zionatzis with sensitive feelings and it's a tragic-comedy thats unfolding before our eyes.
Crap, where did all my booze go...?
Yeah, look at the areas around DC. "The District" = 68 sq. miles (7 are water) has a gross state product that exceeds the next 19 WHOLE states, and its only 'industry' is government. And this doesn't include those uber-wealthy counties of southern Maryland and northern Virginia.
That's the fucking shameful part of this analysis.
And the banksters' incomes haven't peaked yet.
Time they have for keeping their heads may have.
An American, not US subject.
Peak guillotine coming?
With the penchant for Americans to take their eyes off the real villians of the FED and the Banksters and instead focus on why thugs commit suicide by cop and who screws whom while in a tent in central park we will continue to be WS's bitches.
WS bitches, relish your role.
"Americans' Best Days Are Behind Them"
True dat!
Like it or not, we have become a global economy. Wages are heading down toward parity per job description. Shipping costs will be what drives the difference in wages. Overzealous government regulation/strangulation of businesses/people will expedite wage parity - lower as companies flee oppressive governments (hello Dear Leader Obama!).
1) The banking mafia were only able to betray their nominal fellow citizens because they bought the politiicans - there's nothing inevitable about it.
2) The banking mafia always destroy economies in the end because they can't control their greed. The only thing globalization will lead to is a global collapse rather than the usual partial one.
Yes, wages are headed down, which is what TPTB want. But now the rest of the economy is going to follow...so much for that inflation thing.
The economy always rebalances. If you won't let wages rise, then eventually everything else will just say "fuck it" and join wages down there in the cellar.
yeah, DC is at it's peak now. Wow they must be exceptional.
merry congress
merry merry congress
I believe this is known as progress.
Here is a good pile of spin for today:
https://finance.yahoo.com/news/americans-are-becoming-satisfied-with-less-180206319.html
So many other peoples have accepted less, certainly our 21st Century peasantry can do the same. just sayin
We know the politicians and bankers certainly aren't among them. They won't be satisfied until we are living in cardboard boxes
There'll be mountains of spin like that I expect.
UV, it's interesting that you bring that up. A couple of times in the last year or so, Jack Spirko at The SurvivalPodcast has discussed spin being shoved at us even from our local sources (in a very concerted manner). Here is a similar article from my local NewsRag...
http://www.couriernews.com/view/full_story/26192391/article-Are-we-turni...?
Besides the District of Contempt, many of the most recent income peak correlate with oil and gas production...i.e. north east corner of Pennsylvania.
My $ income as a wage earner peaked in about 1976-78. That is without inflation adjustment. I was working as a journeyman garage mechanic back then, earning about $22,000 1976 dollars. Wages just went downhill after then.
After years of upheaval, I'm living old, single, and rural for the past 18 years. Looking forward to the crumble. Our country will go to crumbs. And not to a collapse like New York in '01. Have gold in your sock, for a Merry Christmas.
Journeyman auto-tech with 2 yrs experience, AND a successful whiz quiz, will pay the most excellent wage of $10/hour.
So in unadjusted terms you made more in 1976. A lot more.
According to the Fed INflation calculator your $22k salary in 1976 then would equate to $91624.80.
Wow.
No wonder I feel poor and think that I made the most money I ever made in 1996 ( in real terms).
I'd love to pull down $90k wrenching on cars.
I guess it wsa different then.
"for a stunning 210 counties, income peaked over 45 years ago!!!"
The 1965 immigration act.
The stagnation in middle class incomes started a few years later.
The two extremes (cultural left and economic right) colluded against the middle to import millions of cheap workers and cheap voters and the rise of the oligarchs (on one hand) and the pro big govt. electorate (on the other) is the result.
45 years ago? It's no coincidence that is just about the time Nixon cut the dollar loose from gold and opened relations with a little country named China.
Exactly..........Kennedy was the LAST honest president,
And when was the it that so many jobs really started being sent offshore - and Americans thought it was such a good idea to buy cheap goods not made in the USA - effectively cutting their own throat?
No shit Tyler....
Just about the time that U.S. oil production peaked.
Do not overlook, that there are a lot more single-income households now, than there were then, thanks to the feminist divorce crazei
Also, the higher-earning partner often pays child support, but the IRS attributes that income to the payer, not the recipient. This has no effect on average household income, but it does reduce the median.
This is what debt does to people and governments -- it imposes massive legacy costs that don't adjust to new economic realities. You get trapped in a house with negative equity, in a region with no jobs, and the local government keeps raising your taxes to feed its pensioners and bondholders.
It wasn't like this in the 1800s -- after a financial crisis, prices and wages fell quickly until markets cleared. Deflation kills you if you're a debtor, but people knew this and worked hard to save money and stay out of debt.
Another day, another Colonial Goverment/high finance laundramat sanctioned Death Spiral in need of Counter measures. somebody convince me,this is more than a behavioural problem, and that we just cant deal with it otherwise.
This map would be interesting to compare to Asian and other countries.
Like water, Income seems to be finding its own global level, it seems. Given natural and artificial forces at work.
Americans: You live in a dieing country.
The people & institutions strangling it are:
Congress= Primary Looter & Plunderer, Exploitation Rule Maker
Supreme Court = Rubber-Stamp Approver & Legalizer
President = Overseer & Executioner
FED = Bubble-Blower, Money-Debaser, Interest-Destroyer, Debt-Monetizer
Just imagine 1 million rebelling people rising up in revolt and taking over WADC -
But who would the 1 million people be:
The ones whose earnings are being stolen & used to buy election votes with entitlement programs ?
OR
The parasites who live off the stolen & redistributed earnings thru entitlement programs ?