return2ozma@lemmy.world to News@lemmy.world · 8 months ago‘They Are Just Pissed Off’: Scott Galloway Warns Young People Are ‘Opting Out of America’ As Older Generations Failed Themwww.mediaite.comexternal-linkmessage-square78fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-link‘They Are Just Pissed Off’: Scott Galloway Warns Young People Are ‘Opting Out of America’ As Older Generations Failed Themwww.mediaite.comreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square78fedilink
minus-squareDagwood222@lemm.eelinkfedilinkarrow-up0·8 months agoIn 1960, minimum wage was $1.00/hour and the price of the average US home was $11,000.00 How many minimum wage workers are out there right now looking to buy a new home?
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up0arrow-down1·8 months agoThey weren’t buying then either
minus-squareDagwood222@lemm.eelinkfedilinkarrow-up0·8 months agoSo, you agree, people were able to buy a house on minimum wage in the past and can’t do that today?
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up0arrow-down1·8 months agoThey were not, look at ownership rate.
minus-squareDagwood222@lemm.eelinkfedilinkarrow-up0·8 months agoYou’re deliberately ignoring what I actually wrote. Two high school grads working minimum wage jobs in 1960 could have been homeowners in about five years. There are hundreds of reasons why the ownership rate was lower in the past.
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up0arrow-down1·8 months agoCould have been, but did not buy homes. Explain why
minus-squareDagwood222@lemm.eelinkfedilinkarrow-up0·8 months agoIf you actually had an argument, you’d be able to present a variety of proof, instead of just posting the same graph over and over.
minus-squareDagwood222@lemm.eelinkfedilinkarrow-up0·8 months agoNone of those charts changes the fact that in 1960 a pair minimum wage workers could have brought a house in about five years.
In 1960, minimum wage was $1.00/hour and the price of the average US home was $11,000.00
How many minimum wage workers are out there right now looking to buy a new home?
They weren’t buying then either
So, you agree, people were able to buy a house on minimum wage in the past and can’t do that today?
They were not, look at ownership rate.
You’re deliberately ignoring what I actually wrote. Two high school grads working minimum wage jobs in 1960 could have been homeowners in about five years. There are hundreds of reasons why the ownership rate was lower in the past.
Could have been, but did not buy homes. Explain why
If you actually had an argument, you’d be able to present a variety of proof, instead of just posting the same graph over and over.
Thought you’d never ask
None of those charts changes the fact that in 1960 a pair minimum wage workers could have brought a house in about five years.