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=$1,111

1960s numbers adjusted if GDP matched the percentage comparison of 2023:
GDP=$8,100
FPL=$3,000

Please 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.

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

1. Planning and asbestos test $1,190.00
2. Move range outlet $1,514.00
3. Island hood $4,498.00
4. Electric fireplace insert $4,133.00
5. Main bathroom $36,552.00
6. Hall bathroom toilet and fan with humidistat $3,579.00
7. Concrete landings outside the front and back doors, front siding flashing $2,899.00
8. Re-pipe plumbing $14,993.00
9. 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!