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I calculated based on minimum wage 30 years ago and cost of living
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[quote:Austin Buzz:MV81MTY2MDU3Xzk0OTEyNTQzXzEyOUVDMEFD] [quote:Anonymous Coward 35193897:MV81MTY2MDU3Xzk0OTEyMzk3X0E0RDAwNjRB] [quote:Anonymous Coward 78221947:MV81MTY2MDU3Xzk0OTA1MjE1XzIzNzI5NjUw] In 30 years the min wage went up 50% but cost of things went up 300-700% [/quote] Profit margins are greedy and not based in reality anymore. Coke Sniffer CEOs think growth can be infinite, even when they literally possess everything and the working class cant afford to breath [/quote] Yes, upper management always has the attitude of "whatever profit we made last year or last quarter, next year or next quarter we must make that much, plus 10-20% ..." I have a friend who manages a grocery store in a large grocery chain. One year there were thousands of workers in town building a new plant for a different company. These thousands of workers increased his bottom line significantly. But once they were gone, his boss's attitude was that [b]he must experience zero drop in profits[/b], even though he just lost thousands of customers. [/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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