On Wednesday, 13 September 2017 16:25:09 UTC-5, Ding - Dong Daddy wrote:
> dsi1 wrote:
>
> > On Wednesday, September 13, 2017 at 10:23:39 AM UTC-10, Ed Pawlowski wrote:
> > >
> > > There are those that want to make the minimum wage a livable wage.
> > >
> > > My first full time job was a tad over the 1963 minimum wage of
> > > $1.25/hour. Adjusted for inflation, that is $10.07 today. Living at
> > > home I was able to buy a 2 year old car and maintain a social life. A
> > > young worker can probably do similar today if the minimum kept up with
> > > inflation.
> > >
> > > IMO. the minimum should be $10 today. The idea of $15 minimum is just
> > > too much for many industries. You can get there with a little education
> > > and ambition though.
> > >
> > > If you want to see how much you've improved (or not) in your life, plug
> > > in your wage from the past and compare to today
> > > https://www.bls.gov/data/inflation_calculator.htm
> >
> > Comparing your wages from the past isn't all that useful. Minimum wage was viable back in the day. I could go halfsies with my future wife and live away from my parents. Housing was affordable and Hawaii had mandated that healthcare was to be provided by employers. I completed my education without taking a loan. Tuition was only a couple of hundred bucks a semester.
> >
>
> Some things have risen, adjusted for inflation, and those include housing, education, and healthcare.
>
> OTOH how much was a color TV, air conditioning, a microwave, cheap phone service/clothing/appliances/airfare, or so many other things we take for granted today...???
>


PS:

FOOD is MUCH cheaper (adjusted for inflation) than 50+ years ago...


--
Best
Greg