Monday, February 27, 2012

Economic statistics 1950 versus 2012 in America: Remember drive-in movies? (Kate Upton commercial)


Well drive-in movies aren't the only difference between today and what seems to have been an easier time in America, circa 1950!

Watch the video and then peruse the list of comparisons below and you decide.


Video H/T Theo Spark

1950 versus 2012 in America

In 1950, a gallon of gasoline cost about 27 cents.

In 2012, a gallon of gasoline costs $3.69.

In 1950, you could buy a first-class stamp for just 3 cents.

In 2012, a first-class stamp will cost you 45 cents.

In 1950, more than 80 percent of all men were employed.

In 2012, less than 65 percent of all men are employed.

In 1950, the average duration of unemployment was about 12 weeks.

In 2012, the average duration of unemployment is about 40 weeks.

In 1950, the average family spent about 22% of its income on housing.

In 2012, the average family spends about 43% of its income on housing.

In 1950, gum chewing and talking in class were some of the major disciplinary problems in our schools.

In 2012, many of our public schools have been equipped with metal detectors because violence has become so bad.

In 1950, mothers decided what their children would eat for lunch.

In 2012, lunches are inspected by government control freaks to make sure that they contain the "correct foods" in many areas of the country. For example, one 4-year-old girl recently had her lunch confiscated by a "lunch monitor" because it did not meet USDA guidelines....

In 1950, the United States was #1 in GDP per capita.

In 2012, the United States is #13 in GDP per capita.

In 1950, redistribution of wealth was considered to be something that "the communists" did.

In 2012, the U.S. government redistributes more wealth than anyone else in the world.

In 1950, about 13 million Americans had manufacturing jobs.

In 2012, less than 12 million Americans have manufacturing jobs even though our population has more than doubled since 1950.

In 1950, the entire U.S. military was mobilized to protect the borders of South Korea.

In 2012, the U.S. borders with Mexico and Canada are wide open and now there are 1.4 million gang members living inside the United States.

In 1950, there were about 2 million people living in Detroit and it was one of the greatest cities on earth.

In 2012, there are about 700,000 people living in Detroit and it has become a symbol of what is wrong with the U.S. economy.

In 1950, the Dow Jones Industrial Average was slightly over the 200 mark.

In 2012, the Dow Jones Industrial Average is threatening to soar over the 13,000 mark.

In 1950, corporate taxes accounted for about 30 percent of all federal revenue.

In 2012, corporate taxes will account for less than 7 percent of all federal revenue.

In 1950, the median age at first marriage was about 22 for men and about 20 for women.

In 2012, the median age at first marriage is about 28 for men and about 26 for women.

In 1950, many Americans dressed up in suits and dresses before getting on an airplane.

In 2012, security goons look at the exposed forms of our women and our children before they are allowed to get on to an airplane.

In 1950, each retiree's Social Security benefit was paid for by 16 workers.

In 2012, each retiree's Social Security benefit is paid for by approximately 3.3 workers.

In 1950, many Americans regularly left their cars and the front doors of their homes unlocked.

In 2012, many Americans live with steel bars on their windows and gun sales are at record highs.

In 1950, the American people had a great love for the U.S. Constitution.

In 2012, if you are "reverent of individual liberty", you may get labeled as a potential terrorist by the U.S. government.

In 1950, the United States loaned more money to the rest of the world than anybody else.

In 2012, the United States owes more money to the rest of the world than anybody else.

In 1950, the U.S. national debt was about 257 billion dollars.

In 2012, the U.S. national debt is 59 times larger. It is currently sitting at a grand total of $15,435,694,556,033.29. Surely our children and our grandchildren will thank us for that.

Statistics courtesy of The Economic Collapse

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1 comment :

  1. In 1950 the top tax rate was 90%...win 2012 it's 15% with a bunch of loopholes. Why do you fail to compare the tax rates in this article??

    ReplyDelete

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