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10:26 PM
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I calculated based on minimum wage 30 years ago and cost of living
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[quote:Anonymous Coward 49598504:MV81MTY2MDU3Xzk0OTEwMzQ0XzIyN0VFMTM2] [quote:Anonymous Coward 80709369:MV81MTY2MDU3Xzk0OTEwMDc1XzdDMTIzQzNB] [quote:Anonymous Coward 71043645:MV81MTY2MDU3Xzk0OTA5NjUzX0UzQTJFMTA1] [quote:Copperhead:MV81MTY2MDU3Xzk0OTA5NTU5XzEzMUI2NDI=] [quote:Anonymous Coward 80398165:MV81MTY2MDU3Xzk0OTA5NDU1Xzk0NTkwNUU=] When minimum wage was instituted, it was intended that one person working would be able to pay every bill, including a mortgage on that salary. And it did so. [/quote] :bsflag: [/quote] Minimum wage NEVER paid for an entire family and a mortgage. Such BS. . [/quote][b] Min wage in San Diego was $5.50/hr in 1992. Rents were $200-300/month. Gas was $1.15/gallon and new Toyota pickup was $7,500 Yes, you could pay all your bills[/b] [/quote] You still couldn't pay your medical bills. [/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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