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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (348649)8/28/2007 12:09:12 AM
From: tejek  Read Replies (1) of 1586976
 
"The late 1990's WAS a bubble. The comparison made is like comparing incomes from the late 1920's to those during the depression. OF COURSE they're lower! What would you expect?"

LL, said in his post [see above] that the late 1990's were a bubble, indicating that a better comparison would be 2007 with the early 1990s, and then to validate his thinking, he makes the analogy the late 1990s is to 2007 what the 1920s were to the the depression. What crap! The relationship between 2007 and the late 90s is NOT analogous to the relationship between depression and the 1920s. Economic conditions were very different back in the 1920s/30s than they are now. In fact, its very significant that incomes are lower/stagnant now than they were in the late 1990s. Its exactly the point that I was making.

And when you factor in inflation most salaries have dropped [albeit a small one] in the last ten years:

infoplease.com

In other words, salaries are stagnant. Tim, why is that?
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