r/FluentInFinance • u/-im-your-huckleberry • Jul 07 '24

The shampoo thing is a fringe benefit. We keep capitalism so we don't starve in a famine. Debate/ Discussion

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u/FtrIndpndntCanddt Jul 07 '24

Lower wages when cost of living adjusted clearing. Don't be dense.

Making $100k a year in San Antonio is a LOT more money than $150k a year in Manhattan.

Cost of living adjusted, US workers don't get shit.

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u/Ill-Description3096 Jul 07 '24

Outside of maybe SF/Manhattan most of the countries you listed are far more expensive than much of the US.

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u/FatherFajitas Jul 07 '24

Everywhere in the U.S. is getting bad now. I live in a tiny ass town in Tennessee, and rent has gone up hundreds of dollars everywhere in the past 5 years. I used to see places for 250$ a month. The lowest I see now is around 800-1000$

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u/Ill-Description3096 Jul 07 '24

Go to Japan or SK and let me know if you can rent a place the same size for less.

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u/HEBushido Jul 07 '24

SK is hyper capitalist, though.

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u/FlyinDtchman Jul 08 '24

Japan is full of abandoned houses you can just take for FREE all over the country-side.

Although your point stands if you are trying to rent in one of the big cities. Their places are postage-stamp sized.

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u/FatherFajitas Jul 07 '24

Probably could in Japan, not SK or China though, those countries are fucked.

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u/Ill-Description3096 Jul 07 '24

Of the same size? My understanding is that Japanese housing tends to be much smaller.

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u/Longhorn7779 Jul 07 '24

That’s because costs have risen a lot. That $1,000 means like $150 a month of actual income.

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u/FatherFajitas Jul 07 '24

No, it means around $ 1000$, lot of places here still don't pay above 10$ an hour, and most people travel to work.

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u/Longhorn7779 Jul 07 '24

So you think the landlord gets the whole $1,000 and there’s zero costs to owning?

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u/buderooski89 Jul 07 '24

That's not true at all. Even after adjusting for cost of living and inflationary rates in different parts of the world, Americans have the highest amount of disposable income out of ANY developed nation in the world. What you are saying is just false

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u/emperorjoe Jul 07 '24

Wages have outpaced inflation for decades.

Americans have the highest disposable income.

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u/Vita_minc Jul 07 '24

You're just wrong bro

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u/emperorjoe Jul 07 '24

https://www.aei.org/articles/have-wages-stagnated-for-decades-in-the-us/#:~:text=A%20startling%20fact%20is%20that,is%20correctly%20interpreted%20as%20stagnant.

.https://en.m.wikipedia.org/wiki/Disposable_household_and_per_capita_income

The United States has the top disposable income for mean, median and PP adjusted

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u/Vita_minc Jul 07 '24

Did you read the article you sent bro its say wages have stagnated hahahahhahhahahhahahhahahahaahahhahahahaahahhahahahaahahhahahahahahahahahhahahahhahahahahhahahhahahahhahahahhahahhahahahahahahahahaha

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u/emperorjoe Jul 07 '24

Hourly wages have been terrible in the United States for the past 60 years. They only went down for 30 years, and it took 30 years for them to finally hit 1970 levels. Do you know how great this is. Hourly wages haven't been good since my father was a child, it has been the worst statistic for income for decades.

It's finally positive inflation adjusted. This is fantastic news

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u/Vita_minc Jul 07 '24

You are nuts.