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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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Anonymous Coward |
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Post Content
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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.
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