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I calculated based on minimum wage 30 years ago and cost of living
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Base12:MV81MTY2MDU3Xzk0OTA4NzEyXzQ5QjcxOUM1] [quote:Anonymous Coward 78221947:MV81MTY2MDU3X0EzRkUxN0RB] ...the Federal minimum wage has only gone up 100%. [/quote] [quote:Anonymous Coward 78221947:MV81MTY2MDU3Xzk0OTA1MjE1XzIzNzI5NjUw] In 30 years the min wage went up 50%... [/quote] :scratching: [/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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