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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 02:45 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


The bo-o-o-o-mer cult is blind to anything that brings about a realization they are fleecing their grandchildren.
 Quoting: Anonymous Coward 78674715


I remember being a child in the 80s and seeing on the news about how Ronald Reagan wanted to turn us into a "service economy."

I knew as a child that this was not a feasible way to have an economy when nobody is actually producing anything. I thought to myself, "They'll figure it out, the old man won't be in office much longer anyway."

I don't know how I knew at such a young age, but I sure was naive enough to believe we "adults in the room" in government who would set us back from a stray path of some sort time morons who take control.

By the recession of the early 90s I had lost that naïveté.
 Quoting: Anonymous Coward 38200842


Part of the Marxist agenda. Remember all those family farms going bankrupt. All staged agenda
BFD

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06/21/2022 02:47 PM

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Re: I calculated based on minimum wage 30 years ago and cost of living
Minimum Wage was never meant to provide adequate living conditions, it is a bare MINIMUM, a starting point for you to work hard, get promoted, get pay raises, etc. Teenagers working at McDonald’s, that’s what it’s meant for.

If you are an able-minded adult complaining about minimum wage, you are a Tard.
 Quoting: Vapor Trails


All wages have been relatively stagnant.

There's been 400-500% inflation since the 80's with little to no raise in incomes unless you are a CEO.

Shit's fucked.
INFJ/Conservative Artist
ShakyMirror

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06/21/2022 02:54 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
https://imgur.com/a/1xjix2E


Last Edited by ShakyMirror on 06/21/2022 02:54 PM
ShakyMirror

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06/21/2022 02:55 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
https://imgur.com/a/tyXM9K4


Last Edited by ShakyMirror on 06/21/2022 02:55 PM
GemKline

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06/21/2022 02:55 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.
akido_cic

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06/21/2022 02:57 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Didn't include fuel and rent cost?
Anonymous Coward
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06/21/2022 02:57 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
Sister of THE Revolution

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06/21/2022 03:00 PM

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Re: I calculated based on minimum wage 30 years ago and cost of living
I was born in 1959.

In the 1950s a man could buy a house and support his whole family with a crappy job.

My father's first house cost him 17k, and he bought it with an entry level phone company job, after he got out of the service during the Korean War. My mother never worked outside of the house.
 Quoting: Anonymous Coward 73140110


If only we could have a parent in the home at all times… I can’t imagine it!! Lucky u!!
monkey4truth

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06/21/2022 03:01 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
A home computer in 1990 was something like $5,000. Today you can get a notebook with vastly more power and memory for $300.

Same with all electronics.

Not everything is up in price.
 Quoting: Copperhead


Sure you can afford toys..but not necessities as easy..all part of the plan to keep people ignorant and placated
Stand up and speak for truth..even when it's not popular..
Anonymous Coward
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06/21/2022 03:09 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
People do not understand certain basics.
Wages are a cost to the employer.

In order to make more as an employer, keeping costs down is vital.

Keeping your wages down, in relation to inflation is how the rich get richer.

The more millionaires out there means that there are many more people struggling.

The only way out of the cycle that has been created is to cut cost. Live with parents and family- do not go out to eat-learn to diy your car/home-do not fall into the debt trap-do not try to keep up with the Jones.



You should be using every trick you know to save money-from carpooling to plastic sheets on windows in the winter to bagging a deer in season to offset food cost.

I grew up with hand me downs and patches on my pants. Those days are coming back.
 Quoting: Anonymous Coward 83587463


Starbucks here usually has 4 workers which at $11/hr is $44/hr. Each customer I see spends usually over $10-20 per order . They probably average 20 people coming in every 10 min

You telling me to raise their wage to $20 is gonna hurt Starbucks? Per hour that’s only $36 for 4 people

Are you soooo stupid ?

That brainwashing you do is such a bullshit lie. It’s called greed
 Quoting: Anonymous Coward 83728142

 Quoting: Anonymous Coward 83728142


You are a special breed of dense.
Payroll taxes, benefits, utilities, management staff cost, corporate staff cost, food cost, insurance, cost of napkins-straws and spoons , sugar. Amortized cost of setting up the store, repairs and equipment.

I agree it is greed. It is also greed for you to want more money for a bullshit job.
You just think your greed is more important.
In the US we have between 10-30 million illegal workers.
That problem exists because the political doner class wants cheap labor, and the problem is not going to be fixed anytime soon.

I say again, the only way to survive going forward is to cut your own costs. A minimum wage increase will decrease employment. If you do not see that then you really do not know how the upper classes operate.

If you look at this thoughtfully, you will realize that the middle class is an aberration. As the Bezos, Gates and Musks in the world get richer, that money comes from someone else.

That someone else is us.
GemKline

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06/21/2022 03:12 PM

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

Last Edited by GemKline on 06/21/2022 03:18 PM
Anonymous Coward
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06/21/2022 03:16 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Minimum Wage was never meant to provide adequate living conditions, it is a bare MINIMUM, a starting point for you to work hard, get promoted, get pay raises, etc. Teenagers working at McDonald’s, that’s what it’s meant for.

If you are an able-minded adult complaining about minimum wage, you are a Tard.
 Quoting: Vapor Trails


I disagree. No one anywhere made any rule as you describe. In the 80's I was able to have a casual restaurant job and rent a small studio apartment and still have money left over to be comfortable. If you want to move on up, you can. If you want to stay as is, you can. This is the way it should be for everyone.
Paranoiaaaaa

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06/21/2022 03:19 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
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
 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)]
"Just because you're paranoid doesn't mean they're not out to get you." - Fox Mulder - The X-Files

"Life is what happens while you are busy making other plans." - John Lennon
Anonymous Coward
User ID: 83728142
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06/21/2022 03:22 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


People remember themselves yet you are saying 300% increase in food is exaggerated . I remember prices of everything ‘cause I moved to Amsterdam in 1992

You pick and choose certain foods and then you use internet to get your ‘proof’ when internet can no longer be trusted

Internet says min wage was $4.25 or something close to that, but I made $5.50/hr in San Diego in 1992 before I left for Europe. Should I trust my own historical knowledge or lying internet?

How come you’re the only one protesting my 300% figure on food? Where are all the others? Don’t forget also THEY’VE REDUCED OUNCES IN MANY PRODUCTS

I HAVE A GOOD MEMORY
Anonymous Coward
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06/21/2022 03:25 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
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
 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
Anonymous Coward
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06/21/2022 03:26 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Minimum Wage was never meant to provide adequate living conditions, it is a bare MINIMUM, a starting point for you to work hard, get promoted, get pay raises, etc. Teenagers working at McDonald’s, that’s what it’s meant for.

If you are an able-minded adult complaining about minimum wage, you are a Tard.
 Quoting: Vapor Trails


I disagree. No one anywhere made any rule as you describe. In the 80's I was able to have a casual restaurant job and rent a small studio apartment and still have money left over to be comfortable. If you want to move on up, you can. If you want to stay as is, you can. This is the way it should be for everyone.
 Quoting: Anonymous Coward 82664275


clappa
Anonymous Coward
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06/21/2022 03:31 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.
GemKline

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06/21/2022 03:32 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.
GemKline

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06/21/2022 03:36 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.
GemKline

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06/21/2022 03:38 PM

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Re: I calculated based on minimum wage 30 years ago and cost of living
You’ll own nothing and like it. It truly is the communist way.
Austin Buzz

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06/21/2022 03:42 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
That’s like saying, since you didn’t want to further educate yourself beyond the 8th grade, large companies should subsidize your living forever. Makes no sense. Do you realize there are several consequences for raising the minimum wage? Here’s a few examples:
1. Minimum wage is now $20 an hour, you are an employer and you have two candidates in front of you. A blue haired 400lb Cheeto eating video gaming 22 year old with no formal education, or a well dressed, manicured, out of work computer programming 60 year old college grad, white or black male or female. Who do you hire? Raising minimum wage puts the young folks out of work; it’s been proven over and over again. The folks fussing for higher wages price themselves right out of a job.

2. Minimum wage is now $20 an hour. What do you suppose Wal Mart will do if you just doubled their payroll costs for about 75% or their workforce? Just eat the cost? Nope, they will replace you and your friend with more reliable workers, lay-off workers and hire robots, reduce working hours, increase costs of their products across the board. How does this help anyone looking for minimum wage jobs? Don’t get me started on how this exponentially increases benefit costs (Workers Comp, 401K matching, etc).

3. Minimum wage is $20 an hour. You own a Mom and Pop hardware store; one of two left in your State. You’re looking to hire someone at $15 an hour, which is killing you because you can really only afford paying $12 an hour. Guess what, no candidates will seek you out as an employer because you are not willing to pay high wages for low skilled labor. You’re forced to work late, pick up shifts beyond what you’d normally work, shut down the store due to lack of help, close your business because you’ve reached burnout and bankruptcy.

Tell me again how raising the minimum wage would help the US?

The minimum wage is not designed to subsidize folks’ standard of living. It is designed to prevent employers from only paying $1 an hour to shovel coal or bust rocks. Think about it, if you don’t only want to make $10 an hour for the rest of your life, what do you do? Wine about how no one ever helps the little guy? No, you educate yourself, learn a skill/trade, you adapt, get two jobs, you survive. Forcing companies to pay you more is just like asking the Govt to pay off your student loans. No one is going to help you, you have to help yourself.
 Quoting: Say no to Minimum Wage! 74642967


I'm a conservative, but many conservative's arguments against minimum wage have always annoyed me. I'm not even going to comment on whether these arguments are right or wrong.

I think a lot of conservatives like this discussion because it allows them to rant on and on and on.... and yes, they make some good points... but it allows them to argue forever without ever admitting that there is indeed a problem.

The problem being, it keeps getting harder and harder for working people and their families to make a living.

Please admit there is a problem, and if minimum wage is not the solution, please give a solution.
Anonymous Coward
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06/21/2022 03:43 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
Anonymous Coward
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06/21/2022 03:45 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Receipts= rescripts
$19=$10
(Correction)
wishey1

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06/21/2022 03:46 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Federal is only $7.25(correction)
 Quoting: Anonymous Coward 78221947


I made $7,800 in ‘79,, with a college degree.
“Build thee more stately Mansions oh my Soul, and leave my outgrown shell upon the Waters of Life.”

“Be ye therefore like the grasses and yield to the inevitable forces of Nature and in so yielding survive”.
-Sage
. . .
Anonymous Coward
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06/21/2022 03:46 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Salsa= salad(correction)
Anonymous Coward
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06/21/2022 03:47 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
Anonymous Coward
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06/21/2022 03:48 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Federal is only $7.25(correction)
 Quoting: Anonymous Coward 78221947


I made $7,800 in ‘79,, with a college degree.
 Quoting: wishey1


I made $2.65 in 1979 working at The Tower restaurant in Vermont
GemKline

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06/21/2022 03:50 PM

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Re: I calculated based on minimum wage 30 years ago and cost of living
Also, I’m not down playing inflation. If you’ve kept a job for nearly 30 years at the same company then absolutely not - your salary increases would NEVER have kept up with the rate of inflation. That’s a problem with companies. Some can’t afford to give high raises of 4-6%, which is what a worker deserves at a minimum just to keep up with inflation. You’d be better off quitting a job and getting hired at another company who will pay fairly. It doesn’t pay to be loyal anymore. That’s a sad reality of today’s work culture.
Anonymous Coward
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06/21/2022 03:51 PM
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Re: I calculated based on minimum wage 30 years ago and cost of living
Federal is only $7.25(correction)
 Quoting: Anonymous Coward 78221947


I made $7,800 in ‘79,, with a college degree.
 Quoting: wishey1


I made $2.75 in 1979 working at The Tower restaurant in Vermont
 Quoting: Anonymous Coward 83728142
Anonymous Coward
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06/21/2022 03:51 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.





GLP