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frazzled

(18,402 posts)

11. No, these figures have to be adjusted for inflation

Reply to robbob (Reply #7)

Thu Nov 7, 2013, 11:02 AM

Nov 2013

Because I can bet you a thousand bucks a bank teller did not make $27K in the 1970s in 1970s dollars. The mean household income in the US in 1975 (just to take the middle year of that decade) was $13,779. (See Census statistics at http://www2.census.gov/prod2/popscan/p60-104.pdf )

The average salary of a public school teacher in 1974-75 was $11,641, whereas in 2005-6 (the latest for which this site has data) the average salary was $49,109 (http://nces.ed.gov/programs/digest/d07/tables/dt07_075.asp )

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This is probably why you are broke and stuff [View all] JaneyVee Nov 2013 OP

Mr. Reich gets it DJ13 Nov 2013 #1

Dammit. toby jo Nov 2013 #10

He needs to head Obama's economic team. progressoid Nov 2013 #2

Wish we could start a Foundation... ReRe Nov 2013 #3

This should be a commercial on the teevee AndyA Nov 2013 #4

First you have to get passed the corporate heads that own the TV. Rebellious Republican Nov 2013 #5

K&R.... daleanime Nov 2013 #6

Are those the actual salries they made/make robbob Nov 2013 #7

Actual salaries. And you are correct. n/t jtuck004 Nov 2013 #8

No, these figures have to be adjusted for inflation frazzled Nov 2013 #11

there is very small print under the 70s wages that says "adjusted for inflation" magical thyme Nov 2013 #12

In the 70s most homes were one income demigoddess Nov 2013 #14

But if two people together are bank tellers mountain grammy Nov 2013 #9

At 61 fucking years, I'm working harder than I ever have JEB Nov 2013 #13

hard to believe Obama could pass up people like Reich, Krugman, Dean Baker rurallib Nov 2013 #15

Aside from basic things going up in cost SheilaT Nov 2013 #16