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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:Anonymous Coward 83728142:MV81MTY2MDU3Xzk0OTExOTU3XzE3NDc2MzdF] [quote:GemKline:MV81MTY2MDU3Xzk0OTExNzY2XzQxRjMyRDIx] I looked up the prices of some common products in 1992. Idaho potatoes (5-lb bag) - $1.69 Rye bread (loaf) - 0.99 Oreos (20-oz package) - $1.59 Milk (1-gal) - $2.78 Eggs (dozen) - 0.93 Total 7.98 If you went out and bought the same items today it would cost $17.86 (I used Instacart). That’s a 110% increase over 30 years. Not terrible. [/quote] People remember themselves yet you are saying 300% increase in food is exaggerated . I remember prices of everything ‘cause I moved to Amsterdam in 1992 You pick and choose certain foods and then you use internet to get your ‘proof’ when internet can no longer be trusted Internet says min wage was $4.25 or something close to that, but I made $5.50/hr in San Diego in 1992 before I left for Europe. Should I trust my own historical knowledge or lying internet? How come you’re the only one protesting my 300% figure on food? Where are all the others? Don’t forget also THEY’VE REDUCED OUNCES IN MANY PRODUCTS I HAVE A GOOD MEMORY [/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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