Probably back when we were still paid in silver quarters/dollars.

that was before the globalists shipped our jobs to china

引用自 76561198767093283：

that was before the globalists shipped our jobs to china

We aggravated the Sino-Soviet split to own the USSR but owned ourselves in the long term. RIP

70s had alot of inflation. Theywere probably better off in the 50s

I'd guess late 50' early 60's. Between the hippies, Vietnam, and the fuel Crisis, the 1970 was not the best decade.

引用自 steven1mac：

I'd guess late 50' early 60's. Between the hippies, Vietnam, and the fuel Crisis, the 1970 was not the best decade.

Also Bretton Woods, massive deficit spending and the wage-price spiral.

Wages haven't kept up with today's cost.

I'm 51. I remember when $20 an hour was a good wage back in the 90s. Today, $20 is minimum wage tier. Its nothing. Making $50k a year is not that great IMO

1975-1980

Unbelievable some people still believe in reaganomics.

https://fred.stlouisfed.org/series/AHETPI

So average hourly wages for Production and Nonsupervisory Employees in private sector has increased from about $3.5/h in early 1970 to around $31.5/h today so a 9 times increase. Inequality is higher so the wage increase might be lower when looking at the median level.

Average rent in cities seems to increased about the same https://fred.stlouisfed.org/series/CUUR0000SEHA

Median home price seems to increased about 20 times https://fred.stlouisfed.org/series/MSPUS

Childcare and eduction since 1978 have increased like 17 times, so probably well over 20 times if we go back to 1970 https://fred.stlouisfed.org/series/CUSR0000SEEB

Healthcare also seems like 20 times more expensive https://fred.stlouisfed.org/series/CUSR0000SAM2

Food however only increased by 8 times so maybe somewhat more affordable today https://fred.stlouisfed.org/series/CUSR0000SAF11

Services in general seems to gotten much more expensive https://fred.stlouisfed.org/series/CUSR0000SAS at like 12 times

On other hand durable goods are much cheaper as their prices has only increased about 3 times https://fred.stlouisfed.org/series/CUSR0000SAD

So it very much look like stuff gotten much worse, the stuff people need like various services and even houses have gotten far more expensive than wage increases. Sure the cheaper goods might make inflation not look as bad but those items probably is nowhere near as important in people lives as access to things like healthcare, education and housing.

The economy and affordability in the US changed dramatically in about 1970. The oil embargo was a big factor. Also, that was when the US started rapidly adding people to prisons, leading to the highest # of citizens of any country held in prison. College also went from being affordable as a part time worker to being unaffordable and requiring massive school loans. The US, under Nixon, also abandoned the Gold Standard, in which the dollar was backed by gold reserves. Interest rates were raised to combat inflation, which drove up costs of homes and for businesses trying to invest.

The economy has never been as good overall as it was prior to 1970.

引用自 76561198767093283：

that was before the globalists shipped our jobs to china

This is why I don't really understand at all how MAGA uses the term globalists. Can't you just use like, elite or something?

Services increasing much faster than wages have nothing to do with globalism beyond if it supress wages or not. To me it seems like a domestic problem, like USA healthcare is unique expensive and things like childare also have prices that make no sense whatsoever.

Things have gotten so bad, like in 1970 USA had higher life expectency than what would be europen union by a considerable margin, now it have worse life expectency, sometimes by a considerable margin.

引用自 steven1mac：

I'd guess late 50' early 60's. Between the hippies, Vietnam, and the fuel Crisis, the 1970 was not the best decade.

I have not looked into it but I’ll bet that fuel crisis was a scam.

引用自 $2 Hero：

引用自 steven1mac：

I'd guess late 50' early 60's. Between the hippies, Vietnam, and the fuel Crisis, the 1970 was not the best decade.

I have not looked into it but I’ll bet that fuel crisis was a scam.

It was OPEC (middle eastern oil countries) that banded together to drive up the cost of oil. Price fixing.