blurry
Joined 18 years ago
Joined 18 years ago
Of course "no women, never" argument is just as stupid as, "all women, always" argument. If I made the argument. You took my rather short counterpoint/anecdote and ran away with it. Far, far away.
Average US salary in today's dollars:
1930 - $ 250,000
2010 - $ 50,000
So, no, it's not good. When adjusted for inflation, the average American has about 5 times less purchasing power.
60 years to 80 years life expectancy is not "6 times better".
26 to 7 infant mortality is not "6 times better".
8% to 30% college graduation rate is not "6 times better".
Estimated hourly wages have actually fallen drastically, when estimated apples to apples (i.e. adjusted for inflation).
Labor productivity is mostly based on advances in technology, and in any event, working harder is hardly the same as being "6 times better" off.
In other words, let's stay within the context of what is actually being argued. Plus, it's rude to open your argument with, You honestly have to ask this question? If you have something to say, you can say it without implying that @samtp is too dumb to see the obvious.
1930 - $ 250,000 2010 - $ 50,000
Add to that the declining purchasing power of the dollar, the growing income disparity and the thinning out of the middle and upper-middle class, etc, etc.
Average life expectancy in the US:
1930 - 60 yrs 2010 - 78 yrs
Clearly, Mr. Buffet's statement is PR rather than fact.