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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (45077)	11/8/2005 1:44:47 PM
From: orkrious	Read Replies (1) \| Respond to of 110194

The living standards of even the lowest paid workers in the US are far higher than they were 50 or 100 years ago. Mostly because the real cost of virtually all commodities (energy, food, clean water, etc) have been dropping in relation to incomes for as long as history has been recorded. That's true for food, and it's been true for most other commodities for the last 20 years, since we've been in the "financial" bull and "commodities" bear. My guess is that energy and water are going consume more of everyone's income over the next 10 years than they have over the last 20. Obviously, medicine, transportation, and many other things have made US standards of living higher over the course of our country's history. But for the average working family, I think think it's gotten harder to "get by" since 1970, despite the fact that they live longer and better. My guess is it's due to the gov't taking a bigger and bigger share of the pie, either through inflation or taxes.