Our Culture will Collapse by 2030. (26)
<p>When I was seventeen, in 1955, my dad, working at Lockheed Aircraft, as an Upholstery Trimmer, was able to buy a modest 3 Br. house in Glendale, with a rental in the back for $12,500, 4 — 5 times his annual salary, while mom ran the household for the four of us. They had a paid for ‘52 Chevy, and no debts. I bought a 1951 Lincoln Coupe Lido for cash earned from three years of work on my Summer jobs.</p>
<p>I’m telling you this to compare it to today. A blue collar job today pays about $37,400. ($18 hr.) A comparable 3 Br. house in the greater L. A. area is in the $800,000 -$900,000 range. A 3 year old Chevy, $20,000. -$30,000. I can’t even guess what a teenager could save at an $8.00 an hour Summer job.</p>
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