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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. 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. So we're in agreement then. What's the problem? Aside from that, OP is clearly using the minimum wage as a benchmark for how wages have not kept up with the rising cost of living. He's not saying the minimum wage is or should be a living wage. Everyone gets that. IF wages kept up proportionally with inflation, the minimum wage would have risen much more than just $3-5 in the past 30 years, but they're not. The point is, ALL WAGES are lagging way behind the continually increased cost of living. But like you said, it's shit policies to blame for this, and it's by design. We'll all "own nothing and be happy", because no one will be able to afford SHIT the way things are heading.
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