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REPORT ABUSIVE REPLY
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Message Subject
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I calculated based on minimum wage 30 years ago and cost of living
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Poster Handle
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monkey4truth |
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Post Content
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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 Federal minimum wage in 1992.was 4.25 an hr 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 So you made more than minimum..Google is your friend..fed minimum went from 3.35 in 1991 to 4.25..remained there until 1997 where it went incremental to 4.75 then 5.15..and I'm old enough to remember..graduated HS in 1993 and started working
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