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18 votes
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Berkshire was too cheap, then too pricey
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State Farm asks for huge California home insurance rate increase, signaling financial distress
15 votes -
Orange juice crisis hits consumers in Japan
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The opaque industry secretly inflating prices for prescription drugs
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Spotify raises US prices of premium streaming plans for second time in one year
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Nearly 80% of Americans say fast food is now a luxury because it’s become so expensive
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Star Wars Outlaws - Everything you need to know about the first open world game in the galaxy far, far away
16 votes -
Spotify hikes fees, passing on its tax burden, after the French government introduced a levy to support the nation's music industry
21 votes -
Electric bikes are about to get more expensive in the US
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Europe's gas supply once again hinges on one company – Equinor now plays an outsized role in the ups and downs of the continent's gas prices
6 votes -
Mortgage companies could intensify the next recession, US officials warn
24 votes -
Over ten years after its Kickstarter campaign and Alpha launch, 7 Days to Die is finally leaving Early Access
19 votes -
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46 votes -
San Francisco office sells for a stunning 90% discount from 2016 price
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GDP per capita vs. the federal poverty rate over the years (observation and discussion)
Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this. In the 1960s, America's GDP (per capita) was $3,000. Also, in 1960, the...
Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this.
In the 1960s, America's GDP (per capita) was $3,000.
Also, in 1960, the federal poverty limit was $3,000 for a family of four.In 2023, the GDP (per capita) was $82,034.
The federal poverty limit for a family of four in 2023 was $30,000.This can't be good for the American people. Unless I'm drawing comparisons between two completely unrelated things?
People who are barely in poverty today would have to earn ~2.7x the amount they earn to stay consistent with those who were barely in poverty in the 1960s if GDP and FPL were still equal to each other. So what about the families caught in the middle? Too high earnings to get help and too low to thrive? They just suffer, I guess.
Out of curiosity, I calculated what the thresholds would be if the percentages of GDP to FPL were swapped between 2023 and 1960.
1960s numbers adjusted if FPL matched 2023's percentage:
GDP=$3,000
FPL=$1,1111960s numbers adjusted if GDP matched the percentage comparison of 2023:
GDP=$8,100
FPL=$3,000Please let me know if it actually matters that the GDP per capita is 2.7x the federal poverty limit for a family of four. Also, let me know your thoughts.
8 votes -
‘Escape From Tarkov’ fans are outraged at new $250 pay-to-win edition
49 votes -
Spotify lowers artist royalties despite subscription price hike
50 votes -
Cocoa price swings are the craziest since the 1970s
14 votes -
Inflation in times of overlapping emergencies: Systemically significant prices from an input–output perspective
7 votes -
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31 votes -
Microsoft to separate Teams and Office globally amid antitrust scrutiny, will cost $5.25/month standalone
50 votes -
Fisker's EV prices slashed by up to $24,000, Tesla freezes them as trades
27 votes -
Saffron: The story of the world’s most expensive spice
7 votes -
What happened when you visited a medieval inn?
11 votes -
Germany’s solar panel industry, once a leader, is getting squeezed
17 votes -
Can Europe’s trains compete with low-cost airlines?
17 votes -
Egyptians are buying and selling gold just to stay afloat
9 votes -
Waymo can now charge for robotaxi rides in LA and on San Francisco freeways
20 votes -
Joe Biden criticises US snack makers for ‘shrinkflation rip-off’
32 votes -
Senators ask CEOs why their drugs cost so much more in the US
60 votes -
US grocery stores should cut prices as costs ease, Joe Biden White House says
29 votes -
Cheap electricity is luring Chinese Bitcoin miners to Ethiopia
7 votes -
Why car insurance in America is actually too cheap
20 votes -
US Senator Bernie Sanders set to interrogate pharma executives about prices
33 votes -
Palm Springs capped Airbnb rentals. Now some home prices are in free-fall.
49 votes -
Half of recent US inflation due to high corporate profits, report finds
35 votes -
High prices at Monterey County hospitals drive away many insured Californians
16 votes -
Greek ‘green’ islands: Electricity bills plunge from €2,000 to €40 per year
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87 votes -
Gut check on contractor quote
I received a quote from a local contractor to do some home remodeling. Some of the numbers make sense, but some seem quite high. Like, I can't believe it costs $3k in labor to install an electric...
I received a quote from a local contractor to do some home remodeling. Some of the numbers make sense, but some seem quite high. Like, I can't believe it costs $3k in labor to install an electric fireplace insert, or an island hood. Anybody have any insight they're willing to share on this quote?
Remodel estimate
- Planning and asbestos test $1,190.00
- Move range outlet $1,514.00
- Island hood $4,498.00
- Electric fireplace insert $4,133.00
- Main bathroom $36,552.00
- Hall bathroom toilet and fan with humidistat $3,579.00
- Concrete landings outside the front and back doors, front siding flashing $2,899.00
- Re-pipe plumbing $14,993.00
- Bedroom window glass replacement $749.00
Total $70,107.00
Description
Plans will be refined. Drywall will be tested for asbestos content.
Dust will be contained and floors will be protected.
The range outlet will be moved.
An island range hood will be installed. The placeholder hood in the estimate is a Zephyr Brisas.
An electric fireplace insert will be installed. The placeholder fireplace in the estimate is a
Dimplex 500001756.
The main bathroom will be remodeled. The shower will be replaced with a pre-formed shower
pan and Corian walls, and two shower valves and shower heads will be installed. A sliding
shower door will be installed. The floor will be tiled. A new vanity cabinet, countertop, sink, and
faucet will be installed. A new toilet will be installed. The vanity electrical outlets will be
lowered, a larger lower mirror will be installed, a new vanity light will be installed. A ventilation
fan and light will be installed with a humidistat/condensation sensor. Drywall will be patched.
New baseboard trim will be installed. The bathroom will be painted.
The hall bathroom toilet will be replaced. A ventilation fan with a humidistat will be installed.
Concrete landings will be poured outside the front door and outside the back sliding door. The
front door landing will be about 5-1/2’x4’ with a curved corner. The back landing will be about
3-1/2’x3’.
The plumbing in the house will be replaced. Drywall holes from installation will be patched and
painted.
Window glass will be replaced in the bedroom with the broken window pane.
Everything will be cleaned up.
All labor and materials are included.
Thank you!
9 votes -
Denmark is to restrict the sale of alcohol to under-eighteens and increase the price of suckable nicotine sachets, as their growing popularity is worrying health authorities
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International YouTube Premium price increase underway in some countries
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81 votes -
Tinder unveils staggering $500-per-month ‘VIP’ subscription tier
26 votes