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Message Subject I calculated based on minimum wage 30 years ago and cost of living
Poster Handle egads!
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When minimum wage was instituted, it was intended that one person working would be able to pay every bill, including a mortgage on that salary. And it did so.
 Quoting: Anonymous Coward 80398165


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 Quoting: Copperhead


Was Minimum Wage Ever Meant to Be a Living Wage?

From the beginning, the minimum wage was meant to be a living wage—meaning families could live off of the pay comfortably, rather than struggling paycheck-to-paycheck.

President Franklin Delano Roosevelt was a major proponent of the living wage, saying that “by living wages, I mean more than a bare subsistence level. I mean the wages of a decent living.” With this idea, a family that earned minimum wage could not only cover the costs of food and shelter but also save for emergencies and have the funds to thrive rather than just get by.

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