Demographics, Economics, Business, Data analysis, Tech, Factfulness
We have far more college graduates today as percentage of the population, than we did in the past. And yet, the unemployment rate for recent college grads remains remarkably constant…
Just 1% earn minimum wage. 87% earn more than $15/hour, making arguments over government mandated minimum wages largely moot.
Union membership over the 20th century to the present. Private sector union membership has collapsed.
Some countries have a high % of homes with AC.
The average beneficiary gets $24k/year, and about 6% get $40k or more, and 1-2% get $50k or more per year.
Historic Social Security cost of living/inflation adjustments.
Half of the Baby Boom will be dead within 9 years. It's just demographic math.
Because the government devalued dollars.
At current airfare and estimated rail prices, it will be cheaper to fly than take the train, round trip, and will get you there twice as fast.
The drop is explained by the huge "Boom" cohort now retiring and has nothing to do with AI.
Much to most people's surprise, it's gone up.
For a child born today, average K-12 spending may reach $450,000 per student, cumulatively.
In 9 years, half of the Baby Boom cohort will be dead, Gen Millennial/Z will receive the greatest wealth transfer in history, collapsing housing markets, and great job options.
Except 79% already own their own home.