posted by jmog
Social security model? Are you fucking insane?
A simple calculation that you learn how to do in high school algebra isn’t really a model.
Do you even think before you post this bull shit?
I forget which thread, but at some point you said you had a model that showed someone making $20 per hour will contribute $600k+ in their lifetime. You really need a vacation for your constant lies and intellectual dishonesty.
And you are 100% wrong. You said you had the math to prove it. Show me. I know no historical based assumptions can get you close to that $600k number, even someone starting a 45 yr career today at $20 per hour. The math is indeed simple, but apparently not for you.
You then said you I moved the goalposts by stating it in 2021 dollars. It is common in intergenerational economic research to inflate/deflate everything to a base year. You don't have training in economics, so it's understandable you don't know this. You could have just admitted you pulled the number out of your ass, but instead you continue to try to justify that you aren't ignorant when you clearly are.
Besides that, there's no way to come near $650k, even if someone starts a 45 year career today at $20 per hour (which CLEARLY was not the context of your original comment). There's a host of bad assumptions there that you're completely oblivious to because you clearly have no education or training in this discipline. I'm sure you can build a model, but you lack the expertise to make good assumptions.
And you never said "starting at $20 per hour". You said MAKING $20 per hour. And, presumably, you meant a typical first line worker, a.k.a blue collar middle class. Because to claim you were talking about a future CFO starting at the bottom would be anecdotal, and a jackass comment to make.
Go Google this: Manufacturing wages tend to be above average relative to other industries. The median hourly worker in manufacturing is approximately 44 years old. The average manufacturing wage is currently about $23 per hour. Manufacturing wages tend to reach top payscale after 3-6 years, and then annual COLA increases thereafter. Real middle class wages have been essentially flat the past 35 years. Try to model that and get anywhere near $650k.
Believe it or not, that all does reduce to a pretty simple model, which works out to @ the $250k I said. That's the relevant, comparable number. Easy math, just clearly way over your head because you got buried in assumptions you weren't equipped to make.