/sci/ - Science & Math

>>15884330
>We print a shitload of money every year and the standard of living has gone up every decade
False, standards of living stopped progressing at the same time as the money printer was unleashed from the gold standard

>>15741460
You see, there's was a particular thing that happened in 1971 that's responsible for all our economic woes.

>>15383537
it was taken seriously until about 1970, at that point it was decided that no significant civilian uses of it would be permitted and that the middle and lower classes should be soaked on energy bills and everything else as much as possible until they were bled dry.
in 1971 the minimum wage was $1.60 and the price of gold was $40.80. so about 1.6oz of gold was a week's wage at minimum. about $3200 in today's money or about $170,000 annually

>>15379180
it was back when we had honest competition, but then affirmative action came along and ruined it. now they just change the metrics to create an illusion of superiority and people like you are dumb enough to fall for it.
in 1971 the price of gold was $40.80/oz & the minimum wage was $1.60/hr. a minimum wager was earning over 1.5oz of gold weekly, over $3000 in today's money. half a century of your western civilization progress later and most ppl with graduate degrees don't even make that kind of scratch.
but keep on telling yourself that you're superior, invent whatever reasons you can, they're all lies, cringe coping mechanisms to feed your fragile ego

price of gold 1971 - $40.80/ounce
price of gold today - $2020/ounce
minimum wage 1971 - $1.60
minimum wage 1971 annualized in relative gold price - $165,000/yr presuming 40hrs/wk for 50 weeks

>>15247937
>They are even using the same arguments from like 50 or 60 years ago. It’s surreal.
Everyone in politics is using the same arguments from like 50 or 60 years ago. CSPAN reran the 50 year old congressional Watergate hearings on their anniversary, in between the on topic banter, there was a lot of off topic banter about other early 1970s political issues and that part of the old hearing could just as easily have been lifted from any recent political discussion, they were talking about all the same issues.
>the government is running out of money
>inflation
>cars are ruining the environment
>campaign finance ethics
>healthcare regulation
>combating russian aggression

>>14824422
wages in america haven't increase since they floated the dollar, more than 50 years ago. what has gone up substantially is the value of gold compared to wages and average hourly wage in 1971, paid in gold, would be worth far, far more than a contemporary hourly wage.

>>14699898
home prices aren't rising, wages are a decreasing percentage of the economy. wages as a percentage of gdp are off by 30% over the past 50 years, so home ownership is that much further out of reach of the average person. its more noticeable now vs a couple years ago only because the pace of change has been turned up dramatically over that period of time.

>>14674700
>That's quite a doomer mindset. I doubt we will get to Mars in this or the next decade, but 100 years is pretty extreme
the folly in your presumption of progress is reflected in the decadal number of moon visits over the previous several decades. progress isn't a guarantee, previous generations of people were highly skilled and intelligent, people of the current era are not guaranteed to surpass them or even equal them.
the long term trends in space flight say that the last man to orbit the earth will happen in a few decades, but satellite launches will continue to grow

>>14671711

>>14656083
>muh soience fiction comic book fantasies i got from zog hollywood
>muh bread and circuses muffugguh

>>14604944

>>14492351
wow, look at all that productivity growth. how come all of that ever increasing value that is produced by labor didn't translate into increased earning for laborers?
where did all of the extra wealth disappear to?