Users Online Now:
2,402
(
Who's On?
)
Visitors Today:
1,057,937
Pageviews Today:
1,967,962
Threads Today:
945
Posts Today:
17,253
09:30 PM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
I calculated based on minimum wage 30 years ago and cost of living
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
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:Anonymous Coward 80709369:MV81MTY2MDU3Xzk0OTEwMzY1XzY3NEZCMzIy] [quote:Bloody Peasant!:MV81MTY2MDU3Xzk0OTEwMjQ5XzVEMERGN0JD] [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] Rent in San diego in the early 90s was a median of $611. Thats over 50% of your income if you made minimum wage in 92. Minimum wage was never supposed to be a living wage. Get some roommates...we all did it growing up till we worked our way up the income ladder. You are not special. [/quote] I was in gated community on Lake Murray for $375/month in 1992 Hillcrest near downtown and North Park had rents of $200-300 [/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
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>