“A quarter pounder with cheese was 45 cents in 1980. Do the math.”
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In 1980 I was earning around three hundred a week. I bought a new car which was quite adequate for my purposes for six thousand or twenty weeks gross pay. The car would transport four adults with luggage and get thirty four miles per gallon on the interstate at seventy miles per hour. I was not wealthy but I had no problem whatsoever living on that income and was able to take my wife on a nice little trip now and then.
My, my, we really have made a lot of progress in the past thirty four years haven’t we. You could easily spend more than the price of that car on a used clunker now. Some people spend more on a nice lawn mower.
Its my McDonalds economics theorem. Minimum wage would buy me 4 QP’s.
I think that it should probably keep up with that. I don’t know enough about adding in ObamaCare to completely whack that idea.