5000 in 1970

Discussion in 'Politics' started by mnbasketball, Mar 13, 2011.

  1. mnbasketball
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    mnbasketball Member

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    I keep hearing about what so many are saying about the wages for teachers and the cost of what it took to educate a student in 1970 vs today.

    Ive seen as low as 5000 in 1970 and as high as 10/11000 in 2010 and they say this horrible! Well is it really? Lets take a look.

    Current data is only available till 2009. $27600.00 in the year 2009 has the same "purchase power" as $5000 in the year 1970.

    The 2009 observation is preliminary and will change.

    kind of makes you on the right look stupid doesn't it. the teachers are doing their job of education for 2/5 ths of what it should be for the same job done.

    Source note for "Purchasing Power of Money"




    Another Computation?


















    Citation
    Lawrence H. Officer and Samuel H. Williamson, "Purchasing Power of Money in the United States from 1774 to 2010," MeasuringWorth, 2009.


    URL: Measuring Worth - Measures of worth, inflation rates, saving calculator, relative value, worth of a dollar, worth of a pound, purchasing power, gold prices, GDP, history of wages, average wage

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    Last edited: Mar 14, 2011
  2. JFK_USA
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    JFK_USA Gold Member

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  3. mnbasketball
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    mnbasketball Member

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    But my right wing boss told me I am doing really good, but those teachers are making way more than I do working at the corner drug.
     
  4. mnbasketball
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    mnbasketball Member

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    Teachers are doing well compared to what the cost should be for educating kids.
     
  5. mnbasketball
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    mnbasketball Member

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    Republicans don't want any part of this do they.

    Oh by the way the average ceo made 40 times what their workers made, now the top ceo's make as much as 550 times and you wonder why things are so expensive.
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    You are an idiot many times over.
    For starters, the "cost" to educate a child is not synonymous with teacher salary. Second, teacher salary is not synonymous with teacher compensation. Third, there is no correlation (actually negative correlation) between amount spent per pupil and effectiveness. Washington DC and NYC spend more per pupil than most places and have the worst results. Finally, all wages have lagged inflation so no one is making the same amount inflation adjusted as they did in the 1970s. THe fact that teachers are tells you they are overpaid.
    Thank you, and now go fuck yourself.
     
  7. editec
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    editec Mr. Forgot-it-All

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    Teachers salaries, indeed many public workers' salaries haven't been losing as much puchasing power as many workers, that is true.

    COLAs in their UNION CONTRACTS are largely responsible for that happy fact.

    Sadly, as the working class is getting poorer, and as teachers unions are so obviously being targeted for destruction by the masters, teachers have become targets for trolls and propagandists of the pro-fascist persuasion.

    Meanwhile the REAL winners of today's economy, the ruling class and their high ranking minions, have seen puchasing power increases hundreds of times greater than educators.

    And the propagandists, in part as an obfucating technique, like to focus on one of the few classes of workers who has not be so nearly badly effected as the rest of the working class... public workers -- teachers, cops firemen, social workers, government bureacrats and so forth

    Don't some of us find it amusing that some of us are OFFENDED that some workers don't suffer enough, but are completely sanguine, meanwhile, that the masters are getting rich and richer and richer even as most people continue to get poorer and poorer?
     
  8. Mini 14
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    Mini 14 Senior Member

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    You can always tell when they cover inflation in Poli-Sci.

    Evidently, it is now just before Spring break.
     
  9. gekaap
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    gekaap BANNED

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    Wow. Nobody is making as much money, in terms of purchasing power, as their job did in 1970? Are you sure about that? Have you checked on CEO and upper management type positions?

    The fact that you call "equal" pay being over paid is pure nonsense and shows that you have no intellectual competence to offer on the matter. I thought that conservatives weren't supposed to become jealous of the wealth of other people? So then why are so many people, like you, being jealous that teachers, supposedly, have not suffered as badly through the recession as others?

    When the argument gets tough, the ignorant get abusive.
     
  10. 8537
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    8537 Senior Member

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    Where the fuck do people come up with stuff this absolutely ignorant? Which rightwing radio talker is making such asinine statements?
     

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