@jeffowski why the effiort of liking and screenshotting rather than hitting boost?
@Primo -- This is from Twitter/X and was a screenshot I found on other social media. It isn't on Mastodon until someone brings it to Mastodon.
@jeffowski oh my bad. I misremembered and confused it with this:
https://dice.camp/@Lana@beige.party/113733797512096001
which in hindsight feels very silly.
@Primo -- I get a lot of pushback from certain segments of Mastodon for posting and bringing memes from other social media platforms to share here.
My view on social media is that it is supposed to be shared. We need to be sharing and spreading ideas that can uplift and make our world better.
I have a defunct dice.camp account. Nice to meet other Table Top gamers on Mastodon.
@jeffowski I know some people aren't ibto crossposting, and some things I might not want to see too much, but those are specific circumstances.
Very nice to meet more tabletop gamers :D
Have somehow managed to miss the entire corner in the fediverse for years xD
@Primo @jeffowski There are lots of #ttrpg players here.
#ClassicTraveller
#runequest
#FATE (homebrew)
@jeffowski There's been a fair bit of pushback on Krueger's post. Some things are inflation adjusted; others aren't. I gather that's sleight of hand in economics.
https://nitter.poast.org/Noahpinion/status/1873716350717456515#m
@tobie1 @jeffowski the post is literally showing its work. If you are suggesting the numbers are actually wrong, please post better numbers. But what you're suggesting as a criticism is misunderstanding the original post.
@Amoshias @jeffowski What it means to say incomes are inflation adjusted but prices are not is that the dollar value is not the same across the board in the comparison. You would need that to make a meaningful comparison between the 1970s and now.
@tobie1 @jeffowski one of us doesn't understand what inflation adjusted means :-)
When I say salary was $5,000 in 1970 and $50,000 in 2020; a burger was 50 cents in 1970 and $10 in 2020, that is just laying out the data. Adjusting for inflation is saying "today's burger would be $1 in 1970 dollars." (Simplifying; we'd normally use CPI, not salary).
If you're providing absolute numbers, you don't need to adjust for inflation. Are you saying the numbers provided are false?
@Amoshias @jeffowski Here's an example of what it means adjusting prices for inflation. It's a question of what the dollar was worth then. Adjusted for inflation, the median price for a car in 1970 would be >$26K in 2024 dollars.
@tobie1 @jeffowski right but what you don't seem to understand is that that's not relevant if you're talking about absolute dollars. It's a completely different exercise.
@Amoshias @jeffowski First Krueger's numbers are wrong. To say how much wages have risen or declined, you need to put them in the same dollars. Ditto for the price of goods if you want to compare a median wage earner's purchasing power then and now. Krueger would love for you to ditch the dollar and buy crypto. Thst's his whole deal. Info from the Fed Reserve:
@tobie1 @jeffowski okay, so you just don't understand what's being said.
@Amoshias @jeffowski How quickly we jump to condescension. Back at you.
@tobie1 @jeffowski I laid out a point.
Your response was not to respond as though you understood my point in any way, but to say something completely orthogonal to it.
If you understand the reason for the difference between absolute dollars and inflation adjusted dollars, you should engage and make that clear. Because your response very much makes it seem like you don't. And if you don't understand that, you don't understand the point of the conversation.
@jeffowski and somehow everyone except for the boomers understands this but they won't step aside and let anyone fix the problems they've created.
@jeffowski Thanks for selling us out, Boomers, taking everything for yourselves and leaving the future with ash.
Hunter S Thompson was so right about the high tide line.
It's a big mistake to reproduce memes without checking, Start at the top and stop as soon as you reach a major error.
In this case, US Census Bureau gives median household income as $80K and shows that this number has risen by about 30% since 1970 after adjusting for price changes. .That's very slow compared to the postwar period and to the incomes of the 1 per cent, but it's not a decline as claimed
https://www.census.gov/content/dam/Census/library/visualizations/2024/demo/p60-282/figure2.pdf
Also, the $48k number, widely publicised was mean not median.
The remaining figures are probably wrong, as is the conclusion.
This kind of sloppiness only helps to excuse the outright lies of Trump and the rest.
@jeffowski This decline in purchasing power and wage levels for working people in the US has declined under all parties and all presidents the last 4 decades.
A clear indicator our economic system is built on inequality and biased towards wealthy people's benefit..
@jeffowski True in my life. In the 70s graduated bachelor degree - first job earned $10K/year. Bought first home for $10K. Earning price of house per year. Before retiring in 2014 was earning $60K/year- living in house worth $420K. Wages up 6x - Housing up 43x.