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To: Cogito Ergo Sum who wrote (79667)9/15/2011 7:45:43 PM
From: bart132 Recommendations  Respond to of 217789
 
Yep - and even using just the CPI (blue line), hourly earnings haven't gotten back to their high in the early 1970s. And for the doubters, keep in mind that the original purpose of the CPI was to measure against a fixed standard of living, and not doing things like substituting hamburger for steak or losing house calls from doctors etc.



And its way more pronounced in the minimum wage:




To: Cogito Ergo Sum who wrote (79667)9/15/2011 10:02:51 PM
From: Ilaine4 Recommendations  Read Replies (4) | Respond to of 217789
 
People living in poverty in the US have at least one car, air conditioning, two color TVs, cable, cell phones, high speed internet, DVD player, Xbox or PlayStation. Not to mention basics that almost go without mentioning like refrigerator, microwave, clothes washer, clothes dryer, etc. Most have personal computers, big screen TV, TiVO.

They have a roof over their heads, they have enough food to eat, they have clean clothing, they have good education available to them whether they want it or not.

Hard for me to grasp how this is poverty. Sorry.