Wages across the board have not kept up with inflation. There seemed to be a point in the mid to late 90's where wages just sort of stagnated, but COL,COG, real estate, etc. kept rising. I remember my father made about $55k a year as an aerospace engineer back in the late 70s. Our house cost $75k. Same house now sells for over $350k but I'd bet the people living in it don't make somewhere near $260k. Real estate just seems unobtainable for young families unless you are willing to put a lot of work into a place. And I live in TX where housing is supposed to be reasonable. I can't imagine what it's like in the NE or in CA. I know what my brother paid for his place in the bay area and it ain't nothing special. About the same size as my place in TX but more than 5x on cost. I fear my kids will never be able to afford real estate unless they become hedge fund managers.
On Tue, Jul 18, 2017 at 9:08 PM, Steve Jones <thatoneguyst...@gmail.com> wrote: > MIT just announced "audit" ... this is a big deal > Your boy will do fine, who needs buying power when your dad has paydays > (you still have paydays?) > > On Tue, Jul 18, 2017 at 7:07 PM, Chuck McCown <ch...@wbmfg.com> wrote: > >> One of my son’s finished his college education today. He “graduated” a >> few months back, but had some classes to finish. And part way through the >> summer semester he discovered he still needed one more. It was RF design. >> And it was being taught at the same time as another class he needed. >> >> He got special permission, started two weeks late, never went to a single >> lecture or class and still got a B. >> >> The kid spent part of his youth on my far-field antenna test range. He >> certainly knew plenty of RF. >> >> He is going back to the same department at Hill Airforce Base where he >> interned last summer. GS7 >> >> About the same pay as I got 30 years ago when leaving college. >> Seems sad that they have so much less buying power than I did. >> > >
