big_spoon@lemmygrad.ml to Communism@lemmygrad.ml · 4 months agowakey wakey, wagie!lemmygrad.mlimagemessage-square41linkfedilinkarrow-up1172arrow-down13file-text
arrow-up1169arrow-down1imagewakey wakey, wagie!lemmygrad.mlbig_spoon@lemmygrad.ml to Communism@lemmygrad.ml · 4 months agomessage-square41linkfedilinkfile-text
minus-squareAnonus@toad.sociallinkfedilinkarrow-up3·4 months ago@Radical_EgoCom @big_spoon And the purchasing power has changed tremendously when established the minimum wage was $0.25 equivalent of $5.50 in today’s money. The purchasing power peaked in 1968, at $1.60 (almost $15 in 2025).
minus-squareMaeve@lemmygrad.mllinkfedilinkarrow-up2·4 months agoThat explains why a parent keeps talking about how well they lived on that wage, why can’t I do well on average wage in my area?
@Radical_EgoCom @big_spoon
And the purchasing power has changed tremendously when established the minimum wage was $0.25 equivalent of $5.50 in today’s money. The purchasing power peaked in 1968, at $1.60 (almost $15 in 2025).
That explains why a parent keeps talking about how well they lived on that wage, why can’t I do well on average wage in my area?