REPORT ABUSIVE REPLY
|
Message Subject
|
I calculated based on minimum wage 30 years ago and cost of living
|
Poster Handle
|
hankie |
Post Content
|
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
Quoting: Anonymous Coward 78221947 You know what it tells me, workers were never going to keep up, see that amount of money for labor isn't enough to live from and most can't make it out of that part of job creation which hasn't been many since the 1990s. The jobs from millwork were about the highest during the decades before that time. When money was backed in gold and silver you had lower prices. It stayed relatively stable; it was not perfect but so much better than now. Slave labor is what it has become, when you wage doesn't keep a roof over your head and food in your mouth it is slave wages.
|
|
Please verify you're human:
|
|
Reason for reporting:
|