Sunday, June 7, 2009

It's not always about you, Minion...

I'm writing this because if I write it I'll remember it and I know I'll need to recall this at some point.

Some numbers all in 2007 dollars:

Median Household income..$39000.......$50000......20%
Average tuition and fees......$4000.........$8000........200%
Average home price..............$115,000....$195,000...60%

So we see that through this very narrow lens income has not increased at a rate even close to the increase in the costs of middle class living. I have not included a couple facts which illustrate the point even further.

First, that it's difficult to quantify the increase in health care costs over this period because before 1968 it was illegal in most states for hospitals to be anything but non-profit organizations. Second, the median income number is a bit skewed because of a massive consolidation of wealth at the top of the income scale over this period. If you remove the top 5% of income earners from this calculation the median income adjusted for inflation has actually gone down.

The point being everybody you know who went to school in the 60's and thinks people should just pull themselves up by their bootstraps has confirmed my guiding principle of the contemporary republican party: Republicanism is not a political ideology it is the never ending search for the justification to be a dick.

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