View Single Post
Old 04-03-2011, 02:54 AM   #20 (permalink)
SentraSE-R
Pishtaco
 
SentraSE-R's Avatar
 
Join Date: Jun 2009
Location: Bay Area, California
Posts: 1,485

Mean Green Toaster Machine - '06 Scion xB
Team Toyota
90 day: 48.92 mpg (US)
Thanks: 56
Thanked 286 Times in 181 Posts
Quote:
Originally Posted by jamesqf View Post
Since when is your minimum wage Joe Sixpack the average American, though? Joe's pretty close to the bottom of the scale, really. (Though Jose seems to prosper even further down.)
Spare us your racist stereotyping BS. You don't improve your credibility with your gratuitous editorializing.

In 1972, a federal entry level GS-5, step 1 job earned $7,319/year. Today, it only earns the worker $27,431/year. That's only a 374% increase - far less than the 1440% increase in gas, and the 900% increase in cars. Average incomes don't mean much if you have 10000 Joes earning $25,000, and 100 millionaires to raise the average income to $35,000. That's how our US economy is skewed, and the average income doesn't tell the story of the average Joe's loss of earning and purchasing power.

Quote:
Originally Posted by jamesqf View Post
But the price of a decent used car, which is what Joe (and everybody in the next several levels up) would buy was maybe in the $500 range (IIRC - I'm going by memory here). Indeed, looking back I can't actually recall anyone I knew ever buying a new car.
Just like salaries, used car prices are all over the map. I used new cars, because they're a relatively standard yardstick, not because they're actually purchased by minimum wage earners.
__________________
Darrell

Boycotting Exxon since 1989, BP since 2010
Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac? George Carlin
Mean Green Toaster Machine
49.5 mpg avg over 53,000 miles. 176% of '08 EPA
Best flat drive 94.5 mpg for 10.1 mi
Longest tank 1033 km (642 mi) on 10.56 gal = 60.8 mpg