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I calculated based on minimum wage 30 years ago and cost of living

 
Anonymous Coward
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06/21/2022 03:54 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
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.
 Quoting: GemKline


Now look up the average price of a single family home anywhere in the country in the same timeframe, the average rent for any place that wasn't a total dump, the price of new/used cars and the price of gas, just to name a few.

To downplay or deny the fact that wages have not kept up with inflation or the cost of living over the past few decades by listing off a few items on a grocery bill is... I don't even know.
 Quoting: Anonymous Coward 80859772


I did that already. Car prices are up 190% and home prices are up 211% USING AVERAGES of course.

Harder and harder to own things but blame the liberals for their shit policies that continue increasing the gap between the haves and have nots, gentrifying areas, pricing people out of homes.
 Quoting: GemKline


So we're in agreement then. What's the problem? Aside from that, OP is clearly using the minimum wage as a benchmark for how wages have not kept up with the rising cost of living. He's not saying the minimum wage is or should be a living wage. Everyone gets that. IF wages kept up proportionally with inflation, the minimum wage would have risen much more than just $3-5 in the past 30 years, but they're not. The point is, ALL WAGES are lagging way behind the continually increased cost of living. But like you said, it's shit policies to blame for this, and it's by design. We'll all "own nothing and be happy", because no one will be able to afford SHIT the way things are heading.
Anonymous Coward
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06/21/2022 03:55 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
I wanna repeat for the liar bots. Internet ain’t proof. It’s lies

DIESEL USED TO BE CHEAPER THAN GAS IN 1992, gas being 400% cheaper

Truckers delivered food etc at least with 400% less fuel costs
Austin Buzz

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06/21/2022 03:55 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
In 30 years the min wage went up 50% but cost of things went up 300-700%
 Quoting: Anonymous Coward 78221947


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
 Quoting: Anonymous Coward 35193897


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 he must experience zero drop in profits, even though he just lost thousands of customers.
GemKline

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06/21/2022 03:57 PM

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Re: I calculated based on minimum wage 30 years ago and cost of living
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.
 Quoting: GemKline


You are full of shit
 Quoting: Anonymous Coward 83728142


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.
 Quoting: GemKline


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

 Quoting: Anonymous Coward 83728142


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.
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06/21/2022 03:57 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Minimum wage wasn't meant to be used to survive on. Its for kids getting their first jobs or adults who are rooming up with others.
Paranoiaaaaa
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06/21/2022 03:59 PM

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Re: I calculated based on minimum wage 30 years ago and cost of living
...


Federal minimum wage in 1992.was 4.25 an hr
 Quoting: monkey4truth


Nope. I was making $11-hr and quit my City job to go backpacking in Europe

I had 3 weeks to spare and took a min wage job. $5.50/hr
 Quoting: Anonymous Coward 78221947


Federal minimum wage was $4.25. I was just out of high school & working retail.

[link to www.dol.gov (secure)]
 Quoting: Paranoiaaaaa


Nope. Like I said, I quit my City job in San Diego to go backpacking in Europe. I had time to spare and got a min wage job at Torrey Pines Golf Course for $5.50/hr :)

Bot
 Quoting: Anonymous Coward 83728142


Oh well, CA must have been higher minimum. I was in OH at the time.
"Just because you're paranoid doesn't mean they're not out to get you." - Fox Mulder - The X-Files

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Anonymous Coward
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06/21/2022 04:00 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
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.
 Quoting: GemKline


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.
 Quoting: Anonymous Coward 80257640


I've cut back on whatever I can cut back on. I can't go further, yet there are no plans to fix this inflation. We're screwed.
Anonymous Coward
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06/21/2022 04:00 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Thank mass immigration.






.
Anonymous Coward
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06/21/2022 04:01 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Minimum wage wasn't meant to be used to survive on. Its for kids getting their first jobs or adults who are rooming up with others.
 Quoting: Anonymous Coward 81073326


Geez Louise you people are dense.
Anonymous Coward
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06/21/2022 04:02 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Remember that the next time someone calls $20+ /hr “socialism” whatever engineered phrase applied to it sticks next
Anonymous Coward
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06/21/2022 04:05 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
...


You are full of shit
 Quoting: Anonymous Coward 83728142


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.
 Quoting: GemKline


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

 Quoting: Anonymous Coward 83728142


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.
 Quoting: GemKline


It’s actually more than 400%. 1992 San Diego is now $6-7

That same truck in Ca is now around $40,000

Gas is closer to 500%

Last post ever

Sick of internet

This world is fake
Austin Buzz

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06/21/2022 04:05 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Conservatives look at this minimum wage as an attack on wealthy folks.

Wealthy folks are fine... the problem is the ultra-wealthy.

Banksters, high-finance , globalists...

The problem is not the top 1%, it is the top 0.0001%.
Austin Buzz

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06/21/2022 04:13 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Conservatives look at this minimum wage as an attack on wealthy folks.

Wealthy folks are fine... the problem is the ultra-wealthy.

Banksters, high-finance , globalists...

The problem is not the top 1%, it is the top 0.0001%.
 Quoting: Austin Buzz


The top 0.0001% want mass immigration, and they don't want a middle class to exist.

Oh, and that's who controls government and policy, by the way.
Austin Buzz

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06/21/2022 04:33 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
JD Rockefeller: "We don't want a nation of thinkers, we want a nation of workers."

^^^^ That's the type who sets policy.


How can we change that??
Anonymous Coward
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06/21/2022 04:41 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
One last post:
Diesel 1992 in San Diego was $1.09, now closer to $7

Almost 600% increase for truckers to deliver food

Bye glp for good

Fuck this captcha shit and checking browser
byekitty
Anonymous Coward
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06/21/2022 04:44 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Modern day slavery. We just think we are free.
Queue_for_Q

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06/21/2022 04:44 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
that’s why I know this world is fake and YES, I will be leaving soon

I AM NOT SLAVING AWAY HOmeless WHILE YOU ALL ENJOY YOUR LIVES

BYE

 Quoting: Anonymous Coward 78221947

 Quoting: Anonymous Coward 78221947


clappa

Inflation is wage suppression and class war.
"Why did you have to go and make things so complicated?" -Avirl

Keep It Simple, Stupid.

The answer is easy once you know the question... But first, the correct question is very difficult to discover.
...For the answer is singular, but questions themselves are multitude.

______.gg/WGx2TWU
Anonymous Coward
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06/21/2022 04:46 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Minimum wage wasn't meant to be used to survive on. Its for kids getting their first jobs or adults who are rooming up with others.
 Quoting: Anonymous Coward 81073326


Why do corporations think they can steal people's youth at bargain discount prices?

Time in earth is life's most scarce commodity and youth is the most valuable portion of that commodity, why to you think it's OK to take people's lives from them for the paltry profit of old men?
Anonymous Coward
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06/21/2022 04:49 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
90% of jobs in USA are min wage service industry
 Quoting: Anonymous Coward 78221947


hesright

Yep only the top 20% of jobs pay a living wage commensurate with inflation and cost of living.

The bottom 50% of jobs, at least, are literally what a high school kid or soda jerk would bother with in older generations from many decades past.

They're essentially worthless for any adult who wants to build or maintain any kind of life. And has any kind of bills to pay like car, car insurance, rent/mortgage, electric, water, trash, sewar, medical/dental premiums/bills, phone/cable/internet, savings, savings for retirement 401K, random repairs etc...

Totally worthless for any of that and that's AT MINIMUM HALF THE JOBS IN THE COUNTRY!!!!
Anonymous Coward
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06/21/2022 04:49 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
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.
 Quoting: GemKline


In 1992 7.98 would be equal to $16.63 according to the inflation calculator.

I calculated the same products from Walmart and it came up to $16.52. It would have been less had Walmart had their brand of rye bread in stock.

[link to www.usinflationcalculator.com (secure)]
BeelzeBob

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06/21/2022 04:54 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
You couldn’t survive on such a low wage
 Quoting: Anonymous Coward 78221947


I agree that things have gone up faster than wages but ...

You could never survive on minimum wage not in 1992 or 2022.
 Quoting: Anonymous Coward 79667372


Now when everyone is clamoring for more money for doing the bare minimum job, they are expecting their own place, recent model car, money to go out and eat.

Previously, people on minimum wage got roommates, drove an old piece of shit car, and didn't eat out hardly at all.

But sure continue to compare Apples to Steak Dinners and scream for more money because its an entitlement and more funds are needed we'll just tax the fuck out of the middle class some more.
"The nine most terrifying words in the English language are: I'm from the Government, and I'm here to help." --Ronald Reagan
Anonymous Coward
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06/21/2022 05:01 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
90% of jobs in USA are min wage service industry
 Quoting: Anonymous Coward 78221947


hesright

Yep only the top 20% of jobs pay a living wage commensurate with inflation and cost of living.

The bottom 50% of jobs, at least, are literally what a high school kid or soda jerk would bother with in older generations from many decades past.

They're essentially worthless for any adult who wants to build or maintain any kind of life. And has any kind of bills to pay like car, car insurance, rent/mortgage, electric, water, trash, sewar, medical/dental premiums/bills, phone/cable/internet, savings, savings for retirement 401K, random repairs etc...

Totally worthless for any of that and that's AT MINIMUM HALF THE JOBS IN THE COUNTRY!!!!
 Quoting: Anonymous Coward 10305692


We exported our manufacturing jobs. We took tax revenue and spent it on building a hereditary lower class. We screwed our education system 6 ways to Sunday so our kids have no skills or knowledge. In short, the elite ate our seed corn.
Now even the minimum wage jobs will be replaced by robotics.

The "good" jobs are less and less, and the future is in the hands of TikTokers and kids who think they can code.

Barring a catastrophic Rally 'round the Flag event event I do not think the middle class that made America can survive.
Sadly, with the amount of stupidity rampant in America, I wonder if we deserve to survive.
Anonymous Coward
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06/21/2022 05:13 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Minimum wage wasn't meant to be used to survive on. Its for kids getting their first jobs or adults who are rooming up with others.
 Quoting: Anonymous Coward 81073326


I guess you didn't read OP or you were just too low IQ to comprehend it?
Anonymous Coward
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06/21/2022 05:17 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Op is a tard along with all the cry babies here- if you make minimum wage too bad for you losers
Anonymous Coward
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06/21/2022 05:21 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Op is a tard along with all the cry babies here- if you make minimum wage too bad for you losers
 Quoting: Anonymous Coward 83197112


This isn't a raise the min. wage thread, this is a match the lost of living to min. wage like it was in 1992.
Anonymous Coward
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06/21/2022 05:21 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
90% of jobs in USA are min wage service industry
 Quoting: Anonymous Coward 78221947


hesright

Yep only the top 20% of jobs pay a living wage commensurate with inflation and cost of living.

The bottom 50% of jobs, at least, are literally what a high school kid or soda jerk would bother with in older generations from many decades past.

They're essentially worthless for any adult who wants to build or maintain any kind of life. And has any kind of bills to pay like car, car insurance, rent/mortgage, electric, water, trash, sewar, medical/dental premiums/bills, phone/cable/internet, savings, savings for retirement 401K, random repairs etc...

Totally worthless for any of that and that's AT MINIMUM HALF THE JOBS IN THE COUNTRY!!!!
 Quoting: Anonymous Coward 10305692


We exported our manufacturing jobs. We took tax revenue and spent it on building a hereditary lower class. We screwed our education system 6 ways to Sunday so our kids have no skills or knowledge. In short, the elite ate our seed corn.
Now even the minimum wage jobs will be replaced by robotics.

The "good" jobs are less and less, and the future is in the hands of TikTokers and kids who think they can code.

Barring a catastrophic Rally 'round the Flag event event I do not think the middle class that made America can survive.
Sadly, with the amount of stupidity rampant in America, I wonder if we deserve to survive.
 Quoting: Anonymous Coward 83587463


The key for the future is to tax the productivity of robots or any human replacing tech as if they were a worker. Every self check out register should pay income, SS, state and local taxes.

This will make the replacement calculations swing back towards real people AND also feed the system for the inevitable decline in income tax.
Anonymous Coward
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06/21/2022 05:25 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Op is a tard along with all the cry babies here- if you make minimum wage too bad for you losers
 Quoting: Anonymous Coward 83197112


This isn't a raise the min. wage thread, this is a match the lost of living to min. wage like it was in 1992.
 Quoting: Anonymous Coward 83709751


Computers are cheaper today than 92, we didn’t even have cell phones then, music is basically free now - many things are better now than then but his numbers are also off. Even up until this recent rise in inflation many things were still pretty cheap, even gasoline- natural gas was depressed for years - tv’s are pretty cheap
Anonymous Coward
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06/21/2022 05:28 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
In 1992 I was a teenager just starting state university. I made $5 an hour working part-time. I had my own apartment I paid about $225 a month for. My tuition was $500 a semester for full time. I still managed to have fun money and even got a puppy. Life was good.
Anonymous Coward
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06/21/2022 05:33 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
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.
 Quoting: GemKline


You are full of shit
 Quoting: Anonymous Coward 83728142


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.
 Quoting: GemKline


I lived in the best area of Manhattan in 1999 and rent was definitely not what you’re saying. I had a studio for around $600 a month and that was 5 years after 1994. Now though, I know that same studio rents for about $2k or more (it was already $1500 a month in 2002!).
Anonymous Coward
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06/21/2022 05:38 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
People seem to forget that civilization requires a slave class.

It is its nature. Like a bee colony forms a hive, human civilizations form pyramids. The base of the pyramid is the slave class. Always.

What would happen if everyone in the minimum wage category learned a trade? Everyone here is saying, just learn a trade, get a skill, get educated, etc. Well, eventually, the trades would become the new slave class.

What happened when everyone in the middle class decided to send their kids to college? College degrees became worthless.


The only way to get rid of the slave class is to get rid of civilization; which means getting rid of agriculture. We all go back to hunting and gathering. God will provide.


So everyone here can wax philosophy but the nature is what it is. The minimum wage could be $1000 per hour and it still would not be enough to survive because the pyramid will adjust to keep its shape.

In such a system, you have to ask yourself, how evil do I have to become to at least not be in the base of the pyramid? What evil must I accomplish? If you are unwilling to participate then you will remain in the base of the pyramid or crushed by it.

Hopefully Jesus is right; them that are last shall be first. I have my doubts.





GLP