Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: devane617

hope the young are enjoying their minimum wage increase, not that they realize that they can’t buy what they assumed they could with more money, because the price of everything just goes up to adjust for their additional spending power.


15 posted on 02/08/2022 6:51:38 AM PST by TexasFreeper2009
[ Post Reply | Private Reply | To 1 | View Replies ]


To: TexasFreeper2009

You are exactly right!

Way back, when the hourly wage was $0.50/hour, a hamburger sandwich was $0.20. Now, the hamburger sandwich is around $7 for a $15/hour wage. The ratio us mostly the same.

So they want a $30/hour livable wage. The hamburger sandwich will be close to $15.

Hey! Raise it to $50/hour so it is a livable wage. Yeah! Sure!


48 posted on 02/08/2022 7:09:09 AM PST by NorthStarOkie (You are what you are because that is exactly what you want to be. Marcos Aurelius)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson