Sorry, but that’s just nonsense, see post 33.
Food was a lot cheaper back when the minimum wage was much higher relatively speaking.
Todays minimum wage has maybe 60% of the buying power minimum wage had in 1971, and about 30% less buying power than it did in 1987.
Even fast food pricing shows this.... in 1987 a Big Mac cost 1.60 with minimum wage being 3.35 or about 47% of 1 hours worth of pay.
today its 5.29 with minimum wage at 7.25 or just shy of 73% of an hours worth of pay.
Minimum wage purchasing power is around 60% of what it was in 1971 and about 78% of what it was in 1987.
I guess I should have used the /sarc tag.....