Friday, May 24, 2013

How come couples need two paychecks when in the 60s they didn't?

Q. Regarding the whole daycare debate, women always argue that they can't afford to stay at home because they need two paychecks...which is true. But why is it that prior to about the 1970s or so most families got by fine with only the father working? What changed in the economy or society to demand that the vast majority of families have two wage-earners?

A. The income distribution has changed, Average real (inflation adjusted) wages for men in non supervisory jobs peaked in the 1970's and has only wobbled around since then. What increases in total compensation there has been was eaten up by the cost of benefits, especially employer provided heath insurance. However the wages of the top 20% of earner have increased substantially and they they determine peoples expectations of what constitutes the "good" life. Houses are now bigger filled with more gadgets, families have two cars instead of one, more people send their kids to college, heath care can do more to make you healthy so we buy more of it, etc. To fill the gap between expectation and incomes wives went to work. And since now the majority of families have two earner, this standard of living has become the new normal.

However during this period the real GDP per worker has increased buy more that 50% because of increases in average productivity, and if the current national income were distributed the way it was in the 1970's the median income would be amount $10.000 more per year. The high earning tech worker and professionals got their share of the extra income, but the top 1% who earn over $300,000 a year increased their share of income from about 11% to 24% and much ot that went to the very hing income group, the top 1/10 % now earn over 1.2 million a year some of them getting 100's of millions.

see http://www.visualizingeconomics.com/2010/12/29/highest-paying-jobs-in-the-us-2005-2/

Edut. Changes in the tax laws are also partly responsible for the increase in the number of mothers of young children who work. In order to work they must pay someone to care for their children, so the look at marginal tax rates on the additional income and cost of child care, to decide whether working is worth it. In the 1960's there was no deduction for child care expenses and the tax rates for married couples were not much different than for singles


Why is or now was Jake Locker the top QB prospect in th 2010 NFL draft?
Q. I dont understand how he is the top player when he never went to a bowl game, national championship game, no college awards, not involved in the heisman race. I didn't even know who he was until yesterday on ESPN.

A. It is called tools. He has the best set of tools such as arm strength, mechanics, ability to read progressions, footwork, pocket presence,etc, etc. etc.. Did you know who Matt Ryan was before he became the 3rd overall pick a couple years ago? He won pretty much the same pile of awards as Locker. Or how about Joe Flacco? He went 18th overall and never even played on a national tv game let lone win any awards. But I bet you have heard of Troy Smith who won a Heisman and 7 other major awards and played in a National Championship game. He also went as the last pick in the 5th round...behind 8 other QBs including such notables as Jeff Rowe (Nevada) and was so bad in camp that the Ravens traded up to pick Flacco the very next year. Graham Harrell was a Heisman candidate and record setting QB, challenged for and won several awards and went undrafted (he has gracefully landing in the CFL....as a backup). The NFL is a tools game and most of the kids who compete for major awards play for dominating schools where the talent at every position is usually better than the opponent...that usually makes ones resuts inflated. Or they play in gadget offenses (spread) where they utilize the talent differentual to their advantage....wont work in the NFL as has been proven time after time. Jake Locker offered the best set of tools to be a top player in the NFL. He also announced he will return for his senior year so none of this really matters anymore. Jimmy Clausen has not done any of the major award stuff either but is now widely considered the best prospect coming out by all the scouting bureau's (and most of the so called draft experts).....he has the tools scouts look for.


What have been your favorite movies of 2010?
Q. Any genre, any language...

What makes the list of the best in 2010 for you?

A. Alice in Wonderland14.
This curious 3-D adaptation proved to be the perfect fit for visionary director Tim Burton, who once again captured solid performances from Johnny Depp (hilarious as the Mad Hatter) and Helena Bonham Carter (deliciously chilling as the Red Queen), as well as newcomer Mia Wasikowska, also seen in this summer's 'The Kids Are All Right.' And with its eye-popping visuals and clever take on Lewis Carroll's novel, it's no wonder Burton's 'Alice' has grossed over $1 billion worldwide.

The Other Guys13.
After a couple of hiccups, Will Ferrell returns to fine form in this hilarious buddy-cop comedy opposite Mark Wahlberg. The film ranks among Ferrell's best collaborations with director Adam McKay ('Talladega Nights,' 'Anchorman'), and has enough laughs and surprises to keep audiences satisfied well past its awesome end credits. Best of all: It's even better a second time.


Splice11.
Not quite horror, not quite sci-fi and not quite romance, this movie manages to transcend genre. Full of suspense, laughs and shocking moments, 'Splice' isn't afraid to ask the difficult moral questions that most movies seek to avoid.


Kick-Ass9.
The box office for this comic action flick never lived up to the fanboys' hype, maybe because watching 11-year-old Hit Girl (the eye-opening Chloe Moretz) efficiently (and heroically) slay people wasn't everyone's cup of tea. But for those who took the violence for what it was -- a deliberately exaggerated part of the film's comic-book world -- 'Kick-Ass' was every adolescent's fantasies come to life and made awesome. In short, it kicked ... well, you know.

Despicable Me8. '
This colorful animated flick is filled with plenty of slapstick gags, clever gadgets, quirky spy humor and great voiceover work from funnyman Steve Carell. It also features the weirdest-looking minions, whose goofy antics steal the whole show.


Scott Pilgrim vs. the World6. '
Based on the popular comic book, this cult film, about a teen (Michael Cera) who must defeat seven men to win the heart of his crush, was clearly made for the videogame crowd. But don't let its hipster style fool you: At its core, 'Scott Pilgrim' is a fun action movie that appeals to a much wider audience than one might expect. (Like these beloved movies, perhaps it'll find a better audience outside the theater?)

The Kids Are All Right5.
In a season of epic blockbusters and sequels, this little indie that could, about the children of lesbian parents who track down their sperm-donor father, stood out as one of the summer's best films, thanks to excellent direction, writing and acting, especially from the sure-to-be-Oscar-nominated Annette Bening, in her best performance since 'American Beauty.' The kids may be 'All Right,' but this hilarious and touching comedy is superb.

The Secret in Their Eyes4.
This Argentinean masterpiece (an Academy Award winner for Best Foreign-Language Film) follows a retired criminal court investigator as he revisits a 25-year-old unresolved murder case. It's a stunning tour-de-force that explores the depths of human emotions -- love, fear, loneliness, yearning, hate -- disguised as a police procedural mystery that effortlessly juggles romance, comedy, suspense and political commentary.

How to Train Your Dragon3.
A heart-warming story about a boy and his dragon, 'How to Train Your Dragon,' about a Viking teenager (Jay Baruchel) who befriends his dragon, is a genuinely emotional film that features lots of exciting and dazzling adventure sequences. Better yet: Unlike so many films released this year, its 3-D is actually worth the extra price of admission.

Inception2.
From the great mind of director Christopher Nolan, 'Inception' was arguably the most talked about and revisited film of the summer, thanks to its twists, turns and much-debated cliffhanger ending. With a dream cast that included Leonardo DiCaprio, Ellen Page, Joseph Gordon-Levitt, Marion Cotillard and Tom Hardy, this box-office smash had audiences thinking and debating in a season normally reserved for mindless entertainment. The ending may still be up for debate, but 'Inception' is the real deal.

Toy Story 31.
With expectations higher than 'Avatar's' box office, it seemed impossible for 'Toy Story 3' to live up to its predecessors. But leave it to Pixar to craft a threequel that is every bit as good as 'Toy Story' 1 and 2 -- a joyous, entertaining and heartwarming film that will make you laugh as much as it will make you cry. Once again, Pixar went to infinity, and beyond our expectations, and in doing so, created the best film of the year so far.





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