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REPORT COPYRIGHT VIOLATION IN 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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Anonymous Coward |
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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 Yeah, I was making $4.75 at Toys R Us in 1993, only stayed because they gave great health benefits to part timers and gave a 401k with company match. Used 401k to buy my first car and put a down payment on my first house.
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