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I calculated based on minimum wage 30 years ago and cost of living
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[quote:GemKline:MV81MTY2MDU3Xzk0OTEyNTc1X0QwRDAzNjVB] [quote:Anonymous Coward 83728142:MV81MTY2MDU3Xzk0OTEyMzI2XzMwMjNFRjE3] [quote:GemKline:MV81MTY2MDU3Xzk0OTEyMTU2XzdDRTZBREJF] [quote:Anonymous Coward 83728142:MV81MTY2MDU3Xzk0OTExNTI4X0MxQTMxMTRD] [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] You are full of shit [/quote] How am I full of shit? It’s math. Minimum wage was never meant to be a living wage. If a person making minimum wage in 1992 wanted to buy groceries, rent an apartment, buy a used car, it’d be difficult. Just like it is today on $14/hour. It’s all relative. Rent in NYC in 1994 was $1395 for a one bedroom. Now it’s gotta be at least double but also keep in mind to comfortably afford a NYC apartment in 94, you’d have to make roughly $50,000. That was a high salary then. A high salary now would be over $100,000. This is what happens when we assign arbitrary prices to things. As wages increase for menial tasks like the kid at McDonalds wanting $17/hour, be prepared to pay $10 for a cheeseburger. [/quote] [b]I went to Europe in 1992 and I remember all prices. I’m not doing like you and the 4.25 liar bots using lying internet, which receipts everything into lies. Gas was 1.15/gallon and diesel back then was cheaper. Transportation costs for trucks shipping food was cheaper. Gas has gone up 400% since 1992 and diesel even more I used to fill my gas tank once a week at $19. My rent was in gated community on lake for $375/month. A new Toyota pickup was $7,500. I used to buy fish and salsa a lot and they were 300% cheaper :) You are a lying bot[/b] [/quote] No. $1.15/gal is a 300% increase. I know percentages are hard. How much is that rent now? If it’s tripled, that’s a 200% increase. MSRP on a Toyota Tacoma is $27-28k. Toyota is a low end truck. Anyway, I’m not denying inflation. I’m just saying, wages have increased significantly over that time period too so it’s kind of all relative. [/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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