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| Pop Economics with Fussbett and Ray by Fussbett 02/13/2008, 5:17pm PST | ||||
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| Ray of Light: GM buying out their entire American workforce
Sanitario666: ! Sanitario666: link Ray of Light: http://money.cnn.com/2008/02/12/news/companies/gm/index.htm?cnn=yes Ray of Light: CNN=YES Sanitario666: haha Sanitario666: Isidore... Isn't that a location or tower in Mordor? Ray of Light: maybe you're thinking of Tristan and Isidore? Sanitario666: wow, $140K lump sum. Sanitario666: Just for watching a robot screw in bolts or whatever they do. Sanitario666: (more like watch it NOT screw in the bolt, AM I RIGHT, GM? (their cars break)) ... Sanitario666: I was trying to look up statistics about this generation being the first to do worse than its parents, which I believe I saw somewhere, but I can't relocate it. Sanitario666: Stuff like factory workers once getting $28 + pension versus $14 and no pension is more evidence of that. Ray of Light: well it's not hard to prove Ray of Light: just take median income and adjust for inflation Ray of Light: http://www.nytimes.com/imagepages/2008/02/10/opinion/10op.graphic.ready.html here is a cool graph 
Sanitario666: that's a cool graph Ray of Light: and also I think someone at NYT bought a bunch of Edward Tufte books because their graphics have been pretty fancy as of late Sanitario666: Fifths! Sanitario666: The NYT operates on a different level than I Ray of Light: probably when they split it into thirds the differences shrunk too much for the graph to be clear Sanitario666: Some households are making $10K Ray of Light: I love how 10% of that still goes to taxes Ray of Light: imagine! I'd want to be kicking some people in the nuts Sanitario666: Canada is definitely nicer to those type of people. Sanitario666: (fuck ups) Ray of Light: the other interesting thing is how the $/person isn't much different at the median (vs lowest), instead the household size is bigger Ray of Light: "consumption per person" Sanitario666: Yeah, the poor people are spending WHATEVER. Listen, they're still going to buy a fucking TV, pal. And so they should. Sanitario666: Rich people can afford .6 extra people. Sanitario666: I'm also shocked by $45K being the middle of America. That makes me feel bad to complain about my job. Ray of Light: I read a good article about that, it said how "keeping up with Joneses" is an evolutionary imperative, but only when it appears you can compete successfully. So, in a black ghetto, everyone buys a lot of fake jewels and brand name clothes because a black guy making $22k can kind of afford to keep up. Whereas a white guy making $22k in a white neighborhood realizes he can't afford Lacoste shirts and a VW SUV, so he doesn't bother Ray of Light: yeah, AND at $45k there is a 50/50 chance your household includes a kid Ray of Light: from observing my friends with kids, it's a financial dirty bomb Sanitario666: It's disgusting. Sanitario666: But also 90% of those people live in places where a house is $150K Sanitario666: That needs to be considered. Ray of Light: yeah 9600 on housing PA is pretty cheap. 800/mo Sanitario666: I've got some additional thoughts on the blacks who are ghetto fabulous versus the whites who don't bother. Sanitario666: But I'll let you just imagine them. Ray of Light: haha Sanitario666: Anywayz, to make this graph REALLY answer my question, I need this same one from a 1975 NYT Sanitario666: Hmmm, I guess 1983 would be more of "one generation". Sanitario666: 25 years? Sanitario666: See already the data is coming under fire. Ray of Light: the graph below it has a historical bent Sanitario666: I didn't scroll! Sanitario666: This graph looks ever cooler! Sanitario666: I can't make hands or tails of it! Ray of Light: each line is a consumer item. The height of the line is % of households with that thing Sanitario666: oh and it's steeper as it getting closer to today Ray of Light: (vs year, the x-axis) Ray of Light: yes Sanitario666: We're adopting shit faster. Well that's the opposite of my theory. Sanitario666: Case closed? Ray of Light: I think it's more of a rebuttal to your theory than a refutation Ray of Light: in real money we're almost all poorer, but there is more and better cheap shit than ever before Sanitario666: Clothes washers, the red headed stepchild of adoption. (NPI!) Sanitario666: Goddamn small apartments. Sanitario666: man, WW2 really hurt washing machine and auto sales. Sanitario666: even in the depression people were all over washing machines. Sanitario666: WHY IS COLOR TV NOT 100% Ray of Light: fridge is the most solid performer Ray of Light: only one downturn and it's almost imperceptible Sanitario666: Yeah, but what the fuck happened in 1970?! Sanitario666: The big freon scare? Sanitario666: 1% of people ditched their fridges. Sanitario666: Fuck it, I'm all about canned foods now. Ray of Light: opec Sanitario666: Median Income (Men)* Ray of Light: woah Sanitario666: Median Income (Women)* Sanitario666: Home Ownership Percentage Sanitario666: Productivity Increases Since 1965 Sanitario666: I don't know what that means, but hooray for us. Sanitario666: Still no flying cars, but Blackberrys are really getting shit ----------> done Ray of Light: I think productivity = GDP per captia Ray of Light: which implies that the lion's share of that 220% is going to the super-rich Sanitario666: This one refutes my theory too: Sanitario666: Household Net Worth Sanitario666: I don't know how we have more net worth at same-to-lower incomes Ray of Light: 465k is what? typical? I seems pretty high Sanitario666: Source: Moody's Economy.com Sanitario666: Check with him, man Ray of Light: I'd guess 80%+ of the 95-05 jump is based on housing Sanitario666: I'm also thinking more dual incomers? Ray of Light: also the change over time from pensions (excluded from net worth) to RRSP/401k (included in net worth) Sanitario666: I finally found the original article: Sanitario666: http://www.forbes.com/economy/2006/10/16/demographics-income-population-biz_cx_tvr_1017median.html Ray of Light: "A Parade Magazine survey (a good source for all things median)" Ray of Light: haha Forbes. Just can't resist sticking that middle finger in the air Ray of Light: this is a good point about how people back then were blissfully ignorant of how much the richest people had Then we got talking about Richard Stallman's personal ad, so that's where the economy talk ends. Abruptly, inspired by No Country for Old Men. |
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Pop Economics with Fussbett and Ray by 02/13/2008, 5:17pm PST  Re: Pop Economics with Fussbett and Ray by 02/15/2008, 5:55pm PST Fucking 32K per month?!!! by 02/15/2008, 6:07pm PST I think that he points out "no mental disability" is telling. by 02/15/2008, 6:10pm PST Keep us posted NT by 02/15/2008, 6:17pm PST with my posting! NT by 02/15/2008, 6:25pm PST |
