Black Friday Monday

Post up at Daily Kos, here:

http://www.dailykos.com/story/2015/11/23/1453557/-Black-Friday-Monday

look. just - look.

Post by Matt Martin.

the anarchy of dreams

Links I am reading while my mind cogitates:

http://main.nc.us/books/books.cgi?thecominganarchy-shatteringthedreamsofthepostcoldwar

https://www.goodreads.com/book/show/33691.The_Coming_Anarchy

https://www.nytimes.com/books/first/k/kaplan-anarchy.html

http://www.blueanarchy.org/celestial/

http://www.awesomeyourlife.com/2012/03/love-anarchy-are-what-keep-your-dreams-high-stakes-and-thrilling/

http://cvilleanarchism.wordpress.com/

http://www.anarchistnews.org/

http://www.huffingtonpost.com/2009/08/03/krugman-if-you-arent-outr_n_249813.html

http://www.dailykos.com/story/2006/05/23/212822/-If-you-aren-t-angry-you-aren-t-paying-attention

http://theamericanscholar.org/every-last-one/

http://www.akpress.org/

http://theanarchistlibrary.org/

http://anarchyisforeveryone.blogspot.com/2008/06/call-for-submissions-anarchism-and.html

http://en.wikipedia.org/wiki/The_Masque_of_Anarchy  /  https://ia600309.us.archive.org/23/items/masqueofanarchyp00shelrich/masqueofanarchyp00shelrich.pdf

http://www.acorncommunity.org/

Hope: http://en.wikipedia.org/wiki/Hope

The Principle of Hope:  http://en.wikipedia.org/wiki/The_Principle_of_Hope

http://en.wikipedia.org/wiki/The_Revolt_of_Islam

How Far We've Come, To Fall So Far

There is simply no excuse for the fact that well into middle age, with advanced degrees, a respectable middle-class income, and a credit history over 20 years long, that my husband and I are still patently unable to purchase a house, and each month we struggle to meet the bills for basic needs such as food, fuel, shelter, clothing, and education.

Consider this: My parents, who were young professionals with no credit background to speak of and a two-year old, on October 16, 1963 purchased the home that my mother still lives in. At the time they were both teaching school, with advanced degrees and a respectable middle class income. This home was about five years old and cost $17,000.00 (slightly less than the average price of a new home in the US at the time as recorded by the US Census), and was paid off at the tidy sum of $103.00 per month, principal and interest, well before the time of my father's death in 1988. The property is valued at around $125,000 today; it is a 2/3-acre lot with a 4 BR/1.5 bath home in excellent condition and still located in a respectable neighborhood. My mother also has excellent health insurance and pension benefits and will never have to worry about how she will pay for basic needs such as food, shelter, clothing, eyeglasses, and medical care. She never has and she never will. She's a classic example of someone who worked hard, paid her bills and was able to put something away each month for the future. She pays cash for a brand new vehicle about once every eight years or so because she has an abhorrence of paying interest that can not be deducted from one's tax bill. She has lived a tidy, respectable life, and has earned her comfortable retirement.

The Bureau of Labor Statistics has this handy-dandy little table that details teachers' salaries for the period 1959-2006, with comparable 2006 constant dollars that make it simple to see these salaries' equivalents in 2006 dollars. You will see, for instance, that though my parents jointly earned about $12,000 (my mother taught elementary and my father taught high school), the equivalent salary in 2006 dollars was about $80,000. This was because the cost of housing, fuel, automobiles, education, groceries, clothing, etc. - i.e., the cost of living - was considerably lower then than today.

It's quite shocking, in fact, to look over the chart and see how the value of middle-class salaries fell into the toilet during the ensuing years.

To be perfectly sure we're comparing apples to apples, my mother & father paid about $900 annually for taxes, insurance, and social security, making their effective joint disposable income about $11,100 (including obligations of 3.625% for FICA/SSec, 22.6% less exemptions & deductions for federal taxes, and 2% for Virginia state income tax). Their employers actually contributed to Virginia's retirement system and paid for their health insurance. Employees did not have to contribute at all until shortly before my mother retired in the 1990s. A pension and health insurance were considered part of one's compensation package - those were the days! However, during this period, all of the amounts deducted for FICA and Social Security came from an employee's paycheck; employers did not contribute to those programs at that time. There is a nice table at the Social Security administration's website that details federally mandated deductions for taxes and FICA starting in 1937. Historic federal tax rates are here, and you can peruse the actual 1040 and 1040a forms and instructions used to file back in 1963 at the IRS website. Historical state tax rates are contained within tables in this report.

So - let's compare: my husband and I just happen to jointly earn about $80,000 annually as professionals working in the non-profit and government sectors, from which about $20,000 is deducted in order to pay for medical insurance, withdrawals for retirement and deferred compensation of which our employers pay minuscule matches of less than 15%, and taxes, effectively making our joint disposable income in the neighborhood of $60,000. (Bankrate has a nice calculator to help you determine if adjusting payroll deductions might be a good idea in case you'd like to compare your own).

The problem begins to become apparent.

Take a look at my parents' joint disposable income of $11,100.00 in 1963 transferred to today's dollars in this handy-dandy little table:

[Note: Current data from this source is only available till 2012.] In 2012, the relative worth of $11,100.00 US from 1963 is:

$83,200.00 using the Consumer Price Index

$64,300.00 using the GDP deflator

$93,500.00 using the value of consumer bundle

$90,500.00 using the unskilled wage

$106,000.00 using the Production Worker Compensation

$170,000.00 using the nominal GDP per capita

$282,000.00 using the relative share of GDP

Put another way, if you want to compare the value of $11,100.00 worth of disposable income in 1963 with what it's worth in 2012 the relative:
...historic standard of living value of that income or wealth is $83,200.00
...contemporary standard of living value of that income or wealth is $93,500.00
...economic status value of that income or wealth is $170,000.00
...economic power value of that income or wealth is $282,000.00
By any measure, our parents were wealthier by far than we can even hope to be, given today's economic realities. Thank you, banks, insurance companies, corporate welfare queens, and politicians. You've made it such a pleasure to be living and working today, working just as hard but making a fraction of what our parents did. Good show.

See also US Census Historical Income Tables

Measuring Worth

1963 Enterprise Statistics

Taxfoundation.org

Bankrate.com

SSA.GOV

IRS.GOV

University of North Texas Library

~

Of Forests and Men

Yes Martinsville

I grew up on a beautiful, quiet street in small-town America. It's still small and quiet, but not in quite the same way. Thank goodness it's still beautiful, too.... but for how long is anybody's guess.

Two decades ago, Martinsville Virginia had DuPont, Bassett-Walker, Levi Strauss, Hooker Furniture, Bassett Furniture Industries, and many spin-off manufacturing and shipping firms that were interlaced and inter-dependent for supplies and labor.  Today the county in which Martinsville is located has one of the highest unemployment figures in America at over 20% (at one point it has reached as high as 43%).  The present major employers are listed here, and look at their tiny numbers, and also note the fact that most of them are government and very low-paying service industry jobs. This is horrifying considering Martinsville traditionally has pulled employees from three other counties including one in North Carolina.

The Virginia Museum of Natural History is located in Martinsville, which is an affiliate of the Smithsonian. New College and a significant military technology contractor are located there, but are struggling. There was never much of a housing industry because Martinsville & Henry County's population has remained flat for over two decades. Martinsville has received federal grants and millions in private money has poured in, as attempts to revitalize the economy through restructuring toward technology-based businesses, incentives, and very creative new enterprises have all failed to make a dent in the downward spiral that began in the early 1990s with the closure of Tultex Industries, closely followed by DuPont and the rest. The search for economic options has gone to the grassroots level, as unemployed citizens take their campaign to attract a Google pilot infrastructure project to the town to the Internet, in an attempt to gather support from people who used to live there. Politicians regularly visit the area as it's become the poster child for what's wrong with the economy. Small start-ups and Mom & Pop retailers, cafes, and small-scale service industries are the only game in town, and their turnover is staggering because no one has any money to spend.

Overall all of these efforts are failing to reverse the fact that the town is dying. Take a look. I hardly recognize my hometown in these images. The conclusion at the end of the article is sobering to say the least. The writer implies that as Martinsville has gone, so may the rest of America. I'm certain that's extreme, but it does serve to illustrate the acute changes the export of American manufacturing jobs overseas has brought to at least one community. We are fortunate that here in Sumter County we still have a manufacturing base that is higher than the average.

Link to the New Yorker Article - updated link
Thank you for your time in reading this and looking at the links and article. Please pass this on to whomever you think would be interested in this or could use a reminder of what we work every day to avoid.

ETA: A Martinsville City Councilman counters with some lovely images in this video. Enjoy!
ETA #2: Most of the links in this article have succumbed to time. Here is a link to the George Packer New Yorker article that mentions Martinsville. I'll try to update the links as they are found.

Yes Martinsville

I grew up on a beautiful, quiet street in small-town America. It's still small and quiet, but not in quite the same way. Thank goodness it's still beautiful, too.... but for how long is anybody's guess.

Two decades ago, Martinsville Virginia had DuPont, Bassett-Walker, Levi Strauss, Hooker Furniture, Bassett Furniture Industries, and many spin-off manufacturing and shipping firms that were interlaced and inter-dependent for supplies and labor.  Today the county in which Martinsville is located has one of the highest unemployment figures in America at over 20% (at one point it has reached as high as 43%).  The present major employers are listed here, and look at their tiny numbers, and also note the fact that most of them are government and very low-paying service industry jobs. This is horrifying considering Martinsville traditionally has pulled employees from three other counties including one in North Carolina.

The Virginia Museum of Natural History is located in Martinsville, which is an affiliate of the Smithsonian. New College and a significant military technology contractor are located there, but are struggling. There was never much of a housing industry because Martinsville & Henry County's population has remained flat for over two decades. Martinsville has received federal grants and millions in private money has poured in, as attempts to revitalize the economy through restructuring toward technology-based businesses, incentives, and very creative new enterprises have all failed to make a dent in the downward spiral that began in the early 1990s with the closure of Tultex Industries, closely followed by DuPont and the rest. The search for economic options has gone to the grassroots level, as unemployed citizens take their campaign to attract a Google pilot infrastructure project to the town to the Internet, in an attempt to gather support from people who used to live there. Politicians regularly visit the area as it's become the poster child for what's wrong with the economy. Small start-ups and Mom & Pop retailers, cafes, and small-scale service industries are the only game in town, and their turnover is staggering because no one has any money to spend.

Overall all of these efforts are failing to reverse the fact that the town is dying. Take a look. I hardly recognize my hometown in these images. The conclusion at the end of the article is sobering to say the least. The writer implies that as Martinsville has gone, so may the rest of America. I'm certain that's extreme, but it does serve to illustrate the acute changes the export of American manufacturing jobs overseas has brought to at least one community. We are fortunate that here in Sumter County we still have a manufacturing base that is higher than the average.

Link to the New Yorker Article - updated link
Another interesting viewpoint comparing the town of Mt Airy and Martinsville
Thank you for your time in reading this and looking at the links and article. Please pass this on to whomever you think would be interested in this or could use a reminder of what we work every day to avoid.

ETA: A Martinsville City Councilman counters with some lovely images in this video. Enjoy!
ETA #2: Most of the links in this article have succumbed to time. Here is a link to the George Packer New Yorker article that mentions Martinsville. I'll try to update the links as they are found.