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geye1234 3 days ago

In the 1970s, a single-income family on a factory worker's wage could buy a 3-bedroom house with a 3x mortgage.

SpicyLemonZest 3 days ago | parent [-]

Factory workers weren't (and even today really aren't) a replacement-level job that anyone can just go out and get. A guy making $4.50/hr at GM in 1970 had a great job that his peers would have envied; quite a lot of people who worked just as hard were making $3 or $2.

geye1234 3 days ago | parent [-]

Sure, but the 2025 equivalent of that GM job -- if you can find it -- is not going to pay enough to support a family and pay a mortgage on one income.