Sunday, February 15, 2015

The incredible Flow of Money for the Young That is Flowing Into Washington DC and Greater Silicon Valley

It's all about Fed money pumping, going to the Federal government and Silicon Valley venture capitalists. It wasn't always this way.

In 1980, Flint, MI, had a higher median income for young workers (under 30) than San Francisco.

Flint, MI in 1980 had a median for young workers of $50208, it has since dropped (in 2013) to $30732.
In Detroit it dropped from $47460 to $34756.
In Chicago from $43480 to $38415.
In Houston from  $43028 to $33674.
In Milwaukee from $41987 to $35463.
In Portland from $40941 to $36239.
In Seattle from $41712 to $1167.
In Youngstown, OH from $40738 to $30263.
In Cleveland from  $40732 to $33746.

The reverse has occurred in San Francisco, the median income for younger workers has gone from $42047 to $47426.
In San Jose from $,43229 to $51149.
In Washington, DC from $40746 to $47380.

Here is chart that displays the changes in median income, for young workers, between 1980 and 2013, in these cities.

(via The Atlantic)


  1. Can you imagine a young kid making $50K in 1980!! Suweeet!
    Well, the unions had it good til they over-squeezed the goose, eh?

    1. "Fifty thou a year'll buy a lot of beer"
      Timbuk3 - 1986

      What inflation?

  2. And as median incomes dropped, crime rates soared.