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I calculated based on minimum wage 30 years ago and cost of living
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[quote:Anonymous Coward 83460365:MV81MTY2MDU3Xzk0OTA4NjUxX0I1MTBFNzRD] It's obvious our government are retarded or criminal liars. They're telling us inflation is only 6.8%? Lol I feel you, OP. I even love you. A lot of people are in the same boat believe you me. People are taking on renters, roomies, dipping into retirement funds. Heck some are even planning to exit once they burn out all credit. I'm sure some are planning targets, too. [/quote]
Original Message
I made $11/hr back in 1992 which I considered a low wage. Minimum wage in 1992 was $5.50. Federally now it’s $7.50/hr. Some states have higher. , Florida being $10/hr and California being$13/hr
Prices of things since 1992 have gone up 300-700% but the Federal minimum wage has only gone up 100%. Gas, for example, has gone up 400%. Toyota pickup roughly up 500%. Rent where I used to live in 1992 has gone up 600%. Food I’m paying probably 300% more
Based on my calculations with cost of living , the min wage should be, at least, $25/hr to be able to pay your bills
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