this post was submitted on 28 Oct 2023
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[–] [email protected] 1 points 10 months ago (1 children)

Crazy to think that $10 in 1980 is $40 now

[–] [email protected] 1 points 10 months ago (2 children)

Back when people were making a buck or two an hour though

[–] [email protected] 1 points 10 months ago (1 children)

$3.10 minimum wage in 1980. Equivalent to ~$11.50 per hour today, higher than today's minimum wage.

[–] [email protected] 1 points 10 months ago (1 children)

The effective minimum wage in 2019 was $11.80. It’s important to talk about these things in context, so we are better able to address the correct problem.

[–] [email protected] 1 points 10 months ago

Glad ours is $15.45/hr

[–] [email protected] 1 points 10 months ago

Yeah I was just commenting on inflation in general