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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 80257640:MV81MTY2MDU3Xzk0OTEyNDc2XzQ4MUIwREQ3] [quote:GemKline:MV81MTY2MDU3Xzk0OTExNDgzX0FENUM0QTc5] Your math is really flawed. You must be using that liberal math. So I took some household items from 1992 with the prices compared to today’s prices. 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 be $17.86 (I used instacart). A total of 110% increase since 1992. The minimum wage then was $4.25. A person would have to work almost 2 hours to afford those things. The federal minimum wage should be 110% more than $4.25, so $8.92 would be appropriate but like you said, many states already are well above that. [/quote] Yes, and this is why I think we will see a red wave that's so powerful and sweeping in November. Our leadership has attacked the working poor and they act like Marie Antoinette and say, "let them buy electric cars." The average person is disgusted with these prices and with an economy that they wrecked...not by covid...not by Russia...by the Democrat run policies with a government that refuses to own any part of this inflation. These legislators come in and leave rich. The longer they stay, the richer they become. They have nothing in common with the common ppl. It used to be thought that these folks were "servants" of the ppl. What a joke. [/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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