real income today is way behind the real income of 20-30 years ago.
how many ordinary middle class families today could raise 5 children on one ordinary wage?
even the same jobs have barely increased in absolute terms, as a salesman in the mid eighties I earned about $80k a year. I recently inquired into the same work in the same industry and discovered that the typical remuneration had dropped to $60-70K.
As a motorcycle salesman in 1987 I earned about the same. What does a motorcycle salesman earn today?
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