Americans Haven't Gotten a Payraise in 16 Years

NumbersDontLie wrote:

http://nypost.com/2016/04/30/americans-havent-gotten-a-raise-in-16-years/

Truth! The numbers don't lie.

This is true

Trump Net Worth wrote:

adsfasdfdddd wrote:

Longer than that.

http://inequality.org/wp-content/uploads/2014/10/Figure-11-corrected-e1455736845686.png

Remember, vote for Trump.

What????

Trump's net worth --according to Forbes-- was about $1.5 Billion in 2000; $4.5 Billion last year. That's a 300% raise. Trump is part of the reason regular people haven't had a real pay raise. People like Trump are hogging the money for themselves.

Even if that was a raise, that's not how math works. You don't deserve a raise if you can't do basic math.

Mrr82 wrote:

Trump Net Worth wrote:

What????

Trump's net worth --according to Forbes-- was about $1.5 Billion in 2000; $4.5 Billion last year. That's a 300% raise. Trump is part of the reason regular people haven't had a real pay raise. People like Trump are hogging the money for themselves.

Even if that was a raise, that's not how math works. You don't deserve a raise if you can't do basic math.

You must have missed the post about Trump's tax information release. He made $14,000 even as he received a pension of $110,000 from the screen actors guild. Billionaires can buy some fancy maths.

Your situation is the result of a lot of luck - being employable right out of school, and in an industry that is still standing etc.

I have lots of friends who are 50 and have been unemployed for five years or more. Finance, energy, mining, manufacturing - all of these industries have seen middle management squeezed out.

This is not a " high school grad" problem.

30 years ago you could sleep walk through college, get a job and it was secure for life (you were told). That didn't pan out.

Real wages in the US have not risen since 1970 with the exception of a marginal gain in the 90s.

HardLoper wrote:

Trump Net Worth wrote:

What????

Trump's net worth --according to Forbes-- was about $1.5 Billion in 2000; $4.5 Billion last year. That's a 300% raise. Trump is part of the reason regular people haven't had a real pay raise. People like Trump are hogging the money for themselves.

The median 53 y/o today has a net worth of about $84K. In 2000 that was probably like $60K if that. The median 69 y/o has a net worth of $194K today. So the average American of Trump's age has seen the same growth in net worth.

Most of that net worth is tied up in real estate. What about the bottom 50%? People who rent, people with underwater mortgages?

Only Donald can save us wrote:

HardLoper wrote:

The median 53 y/o today has a net worth of about $84K. In 2000 that was probably like $60K if that. The median 69 y/o has a net worth of $194K today. So the average American of Trump's age has seen the same growth in net worth.

Most of that net worth is tied up in real estate. What about the bottom 50%? People who rent, people with underwater mortgages?

He also conveniently ignored that Trump's increase was noted from 2000 to last year, a mere 16 years. How many ordinary people have tripled their net worth in that same time frame?

Did you read... wrote:

Mrr82 wrote:

Even if that was a raise, that's not how math works. You don't deserve a raise if you can't do basic math.

You must have missed the post about Trump's tax information release. He made $14,000 even as he received a pension of $110,000 from the screen actors guild. Billionaires can buy some fancy maths.

What does that have to do with the idiot poster who doesn't know 5th grade math?

Donald The Duck Trump wrote:

Only Donald can save us wrote:

Most of that net worth is tied up in real estate. What about the bottom 50%? People who rent, people with underwater mortgages?

He also conveniently ignored that Trump's increase was noted from 2000 to last year, a mere 16 years. How many ordinary people have tripled their net worth in that same time frame?

No, I didn't ignore that. The median net worth for someone of Trump's age from 2000 (age 53) to 2016 (age 69) tripled, just as Trump's. That means a lot of ordinary people saw the same % increase as Trump.

Your situation is the result of a lot of luck - being employable right out of school, and in an industry that is still standing etc.

I have lots of friends who are 50 and have been unemployed for five years or more. Finance, energy, mining, manufacturing - all of these industries have seen middle management squeezed out.

This is not a " high school grad" problem.

30 years ago you could sleep walk through college, get a job and it was secure for life (you were told). That didn't pan out.

Real wages in the US have not risen since 1970 with the exception of a marginal gain in the 90s.[/quote]

You call it luck, maybe they have a "marketable" skill?

Your friends who are 50 year olds and have been unemployed for five years may also fall into the unmarketable skill category or don't want to relocate to where the jobs are. More reasons to be unemployed for 5 years and being "unlucky".

I must admit I have gotten a pay raise every year in well over 16 years working for a boring old electric utility. People will always want the power on at their house and workplace.

HardLoper wrote:

No, I didn't ignore that. The median net worth for someone of Trump's age from 2000 (age 53) to 2016 (age 69) tripled, just as Trump's. That means a lot of ordinary people saw the same % increase as Trump.

How many of those people had a paltry income of a poverty-level $14k at the end of that period?

Trump Net Worth wrote:

adsfasdfdddd wrote:

Longer than that.

http://inequality.org/wp-content/uploads/2014/10/Figure-11-corrected-e1455736845686.png

Remember, vote for Trump.

What????

Trump's net worth --according to Forbes-- was about $1.5 Billion in 2000; $4.5 Billion last year. That's a 300% raise. Trump is part of the reason regular people haven't had a real pay raise. People like Trump are hogging the money for themselves.

I want raise! I don't know no maths, but me daserve its!!!! You mean 200% increase?

You can't do math and you don't know what a raise even is. Net worth and a raise are not the same thing.

NumbersDontLie wrote:

http://nypost.com/2016/04/30/americans-havent-gotten-a-raise-in-16-years/

Truth! The numbers don't lie.

they may not lie, but you have to understand what you are looking at.

Main thing is this: these 'americans have had no raise in 20 years' stats are only true in alimited sense. They use 'household income' which is not a good way to look at it. US households have shrunk from 3.3 to 2.4 people or so. There are millions and millions of single moms and elderly women, neither of which existed 30 years ago in these numbers, who make very little, but they are 'households.' It's stupid to count them and try to draw a picture of america from it, but there it is.

If you work, are married, wait til age 25 to have kids, and have a college degree, you are getting raise after raise after raise. If you are a single mom or have a HS or worse degree, you are not doing well.

You people are distance runners. Get a college degree and don't get pregnant in HS. ok? You'll be fine if you do that.

And just as icing - here's US real, after inflation disposable income - it's been climbing and climbign and climbing and climbing. This is why standards of living are rising.

Never listen to 'household income' stats - totally misleading.

also, government handouts have become a much, much larger part of incomes. And those arent' counted in 'household income.'

in the 1970s roughly 10% of a total personal income was from the gov't. Now it's around 17%. That's a lot of new money coming in to households that isn't counted in those incomplete and misleading 'household income' numbers.

http://www.brookings.edu/blogs/up-front/posts/2014/05/20-rising-inequality-1920s-measuring-income-burtless

agip wrote:

And just as icing - here's US real, after inflation disposable income - it's been climbing and climbign and climbing and climbing. This is why standards of living are rising.

And is also highest in the world after adjusting for purchasing power. Even higher than the rich countries sitting on oil and tax havens. U-S-A!

Xcborn wrote:

Trump Net Worth wrote:

What????

Trump's net worth --according to Forbes-- was about $1.5 Billion in 2000; $4.5 Billion last year. That's a 300% raise. Trump is part of the reason regular people haven't had a real pay raise. People like Trump are hogging the money for themselves.

I want raise! I don't know no maths, but me daserve its!!!! You mean 200% increase?

You can't do math and you don't know what a raise even is. Net worth and a raise are not the same thing.

You are right. Trump only made $14,400 according to his publicly released tax information. It sucks to be an underpaid billionaire.

UR Right wrote:

Xcborn wrote:

I want raise! I don't know no maths, but me daserve its!!!! You mean 200% increase?

You can't do math and you don't know what a raise even is. Net worth and a raise are not the same thing.

You are right. Trump only made $14,400 according to his publicly released tax information. It sucks to be an underpaid billionaire.

You must not have an IQ above 90? He's bashing the persons math, nothing to do with trump. Whether it's trump or the poorest man, math still works the same way. 1.5m to 4.5m is a 200% increase. That fact has nothing to do with trump. Idiots wanting raises who couldn't pass 5th grade.

Dunnbasssssd wrote:

UR Right wrote:

You are right. Trump only made $14,400 according to his publicly released tax information. It sucks to be an underpaid billionaire.

You must not have an IQ above 90? He's bashing the persons math, nothing to do with trump. Whether it's trump or the poorest man, math still works the same way. 1.5m to 4.5m is a 200% increase. That fact has nothing to do with trump. Idiots wanting raises who couldn't pass 5th grade.

Your IQ is far below 90, Hardloper. The quoted comments mention Trump. You are to stupid to grasp that.

Question: have Americans, on average, become more productive in the last 16 years?

themanontherun wrote:

Question: have Americans, on average, become more productive in the last 16 years?

of course, yes.

there have been some strange negative readings on productivity the last year or so, but counting from 2000, productivity his grown virtually every year.