Back to the Future
Here's a fun thought question to enliven your Labor Day weekend barbeque:
The NYT has stated that wages haven't risen and we're worse off now than we were back in the 1960's. Today's median income is $46k while in 1967 the median income was $35k (expressed in 2005 dollars).
Sounds terrible, but was it really better back in the good ol' days or not?
Would you prefer to live in 1967 with today’s real median household income ($46,326) or live today with 1967’s real median household income ($35,379)?
Whooosh - gangly professor with crazy hair drives up in a time-traveling Delorean and offers you...
Option 1: travel back to 1967 and receive ... $46k salary which goes a long way in 1967 + great rock and roll, AM radio, 3 chanels of TV, cars with no seatbelts or airbags, smaller towns, safer streets?, race riots, an unpopular war ...
Option 1: Stay in 2006 and receive - $35k salary + the internet, GPS, home shopping network, terrorisim, an unpopular war ...
Which option do you choose and why? Please leave a comment.

0 Comments:
Post a Comment
<< Home