Monday, July 7, 2014

Arithmetic: How Badly You Have Been Screwed

Via WRSA


Folks, I know people have this desire to moan about how bad this part of our country is or that, whether it be on guns, poverty, religion or whatever else pushes your buttons.

I challenge you to read and let this post sink in for a good hour today.  Do nothing else.  Find the hour, print this out or send it by email to your cellphone, read it and contemplate it.

Then choose, today and forward, whether you're going to sit for what has been done to you.

I present a simple arithmetic chart:


The data was pulled from here: http://www.bls.gov/data/#productivity

It is not my data.  It is official government data.  I did nothing other than pull it into Excel and chart it as a compound function.

Now let me explain what it shows you.

This chart shows the output per hour worked for Americans across the labor force.

It shows that today one hour of work at the end of 2013 produces 169.8% of the output that one hour of work produced in 1980.

Now stop and read that last sentence again -- very, very slowly.

Read it as many times as you have to until you understand it.

You should have 170% of the standard of living you obtained in 1980 from one hour of labor.

Let me ask: Do you?

 More @ Zero Hedge

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