I think that if salary levels hadn't been effectively frozen starting from the '70s until now, $300k would be about "normal" for a middle class income.
It's not that $300k is a lot of money, it's that the people of the US (and the world in general) have been cheated out of their share of productivity improvements. There's a great video that talks about stagnant wages and the problems that are the underlying cause of the recent collapse(s) of the economy. [1]
I think that if salary levels hadn't been effectively frozen starting from the '70s until now, $300k would be about "normal" for a middle class income.
It's not that $300k is a lot of money, it's that the people of the US (and the world in general) have been cheated out of their share of productivity improvements. There's a great video that talks about stagnant wages and the problems that are the underlying cause of the recent collapse(s) of the economy. [1]
[1] https://www.youtube.com/watch?v=_-KqeU8nzn4