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Title: You would have to earn $380,000 per year to have the same wealth as your average gilded age peasant
Source:
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URL Source: https://www.investmentwatchblog.com ... ur-average-gilded-age-peasant/
Published: Jan 29, 2022
Author: staff
Post Date: 2022-01-29 20:23:44 by Horse
Keywords: None
Views: 1598
Comments: 42
Wages Have Decreased by 92% Over The Last 130 Years Since the Gilded Age: Poster Comment: SEE CHART.
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#22. To: Horse (#0)
That seems a real stretch. The Gilded Age wealth gap in UK was extreme as so often in British history.
America had lots of open real estate back in 1912. US population was 92 million. We have 241 million more people today. That is one reason why land and homes were cheaper. The other was that there was no federal income tax, no Social Security tax, no state income tax and not a lot of bureaucrats getting in your way.
All true and interesting, but I'm afraid you'd have a hard time convincing the peasants of Dickens' time of your thesis ;)
Dickens was living in an over crowded nation with a Jewish government. In 1912 we had fewer than 100 million people. We did not have to import natural resources. Wages in the US were a third higher than Europe. But land was still cheap. And we had no FED and no taxes.
en.wikipedia.org/wiki/The_ Jungle
#36. To: Lod (#34)
Awful. And the damned things eat blue crab? Thanks for nothing all over again, Uncle Sugar!
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#23. To: NeoconsNailed, Esso (#22)
#24. To: Horse (#23)
#30. To: NeoconsNailed (#24)
#31. To: Horse (#30)
#34. To: NeoconsNailed, all (#31)
great example of how fedgov effs things up
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