diesel mechanic at work yesterday said they couldn't get anybody to come and work, that young guys just don't want to work anymore. Then told me in 1984 he got hired in at $12 an hour. Pulled up Google and showed him where that is the equivalent of $37 an hour today. Then had to explain to him that getting hired at $23 an hour today would have been the same as him getting hired in at 5.85 in 1984. Then he made the retarded argument about 13% mortgages
I had to school him on the fact that being 21 and killing yourself for $23 an hour is not worth it. There's no attraction there. Then when I did the math for him I could tell I started to lose him. So I showed him on Google the median house income in ohio. Then I showed him what the mortgage would be for that house. He was completely speechless. Quickly changed the subject.
just for reference, a $200,000 mortgage in Ohio and a 6% interest rate ends up being close to $1,600 a month. A $200,000 house is the minimal . It's basically an apartment with for exterior walls. $400,000 is more realistic for a family home. And that's even pretty low here. That mortgage payment ends up being almost $4,000 a month
