Discussion in 'Streetwear and Denim' started by cyc wid it, Apr 13, 2016.
We about to get a spin-off thread, y'all
Yeah completely diff and I'm just making a couple false comparisons!! I just think relatively speaking, $19 an hour in a place like Kentucky for a tradesperson doesn't seem too bad. Our web developer makes less than that in Tokyo!!
You say we've got nothing in common
No common ground to start from
We're falling apart.
You say the world has come between us
Our lives have come between us
But I know you just don't care.
AND I SAID,
Good thing diamonds are intrinsically worthless and everybody saw through that Tiffany's jewelry scam. Must be 65 mil a year worth of silver plated napkin rings, amirite?
For a little perspective, the median per capita income in Kentucky is just over $23,000. $19/hr = $39.5k. As someone who lives in the Midwest (though not Kentucky), the influx of decent paying factories/large-scale employment opportunities is wonderful.
Branding is obviously important, and contrary to what a lot of people like to contend, it has real value. Otherwise, trademarks would not be so important. You can obviously disagree that it is important to you, but I don't begrudge Tiffany's for being successful in promoting its brand. If you want corporate targets, Tiffany is not an obvious one.
From the vantage point of someone living in San Francisco, or LA, or some other large city, $19/hour is barely making it. However, for much of this country, it's pretty damn good. And that you get to work in a modern facility, and probably get benefits, even better. To put things into perspective, the national median salary is somewhere around $33K/a, and the average HHI for a family of 4 is $58K. While this is not high, it's not unlivable in much of the country either. Outside of areas where there is a concentration of universities and skilled workers (so, the Moscow Pullman area, and then Spokane), where the housing prices are slightly above the national average of $250K for a 2-3 bedroom house, there are plenty of houses for $100-120K in this area. On a 30-year fixed mortgage, at current interest rates, the average mortgage payment would be about $600-700/month. Let's allow for housing insurance for low down payments, and all of that, and say that the average mortgage is $900. That is an annual housing cost of $108K, which puts the worker at $19/hour well above the critical housing level, and frankly, living pretty comfortably.
wait wait wait wait i only make 200k but i am definitely middle class so does that mean the median person is very poor?
Ah, the Styleforum humblebrag. I always like this. Especially when you can't quite tell if it is a joke or not.
200k would make you just shy of a 1% here (officially).
To be considered wealthy in the Bay Area you need a net worth of at least $6 million. To be comfortable you need at least $1 million. Sounds about right.
This is a survey not some economic analysis....
On styleforum 500K is a fallback job.
seems low to me--how can you be truly comfortable without a maybach and a driver, a private jet at your beck and call, and a penthouse with an ocean view?
You are poor if you work for money rather than making money work for you.
I don't like having people under me. So I bought the building. Of course, I only use the penthouse. That and the helicopter on the roof.
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