What was the average salary in the 70s?

The median money income of families in the United States was $9,870 in 1970, according to estimates recently released by the Bureau of the Census, Department of Commerce. This was about $440, or 4.6 percent higher than the 1969 figure of $9,430.

What was the average annual income in 1976?

After adjusting for the 6-percent increase in prices between 1975 and 1976,1 the median family income in terms of constant dollars increased by $450 or about 3 percent. Unrelated individuals had a median income of $5,375 in 1976, about 4 percent (or $210) higher in real terms than the 1975 median.

What was the cost of a new car in 1975?

A new home today costs $270,200. That 1975 home adjusting for inflation would cost $209,417. This is a “real” increase of 29 percent. A new car costs $31,252 while that 1975 car adjusting for inflation would cost $16,578. This is a true doubling of cost here.

What’s the average salary of an auto worker?

A report from the conservative Heritage Foundation, opposing the auto industry bailout, said that members of the United Auto Workers union “earn $75 an hour in wages and benefits – almost triple the earnings of the average private sector worker.”

What’s the average pay for United Auto Workers?

Roughly speaking, the average hourly pay for a member of the United Auto Workers currently ranges from $28 to $38 or so for those hired before September 2007, and between $16 and $20 for workers hired afterward. The many variables involved in paying production workers make it difficult…

How much does an auto assembly line worker make?

An early career Assembly Line Worker, Automotive with 1-4 years of experience earns an average total compensation of $15.66 based on 96 salaries. A mid-career Assembly Line Worker, Automotive with 5-9 years of experience earns an average total compensation of $18.86 based on 61 salaries.