Forum Discussion
2012Coleman
Aug 28, 2018Explorer II
accsys wrote:Bill.Satellite wrote:
If the minimum wage kept up with inflation the minimum wage would now be close to $25/hour. Not sure why you think auto workers who make something like $50/hour to put a bolt on a wheel are entitled to more money than those folks trusted with the safety of the food you eat.
Bill, I think you exaggerate a bit. When I was working as a soda jerk in 1961, the CPI was 29.9. At the end of 2017 the CPI was 245.1 or 8.2 times as high. The federal minimum wage has gone from 50 cents (what I earned) in 1961 to 7.25 today though some states have raised it much higher. The 50 cents I was earning would now equate to 4.10 today which is nowhere near the $25 stated. Interesting enough is that the CPI was 100 in 1983 so we have only had 250% inflation in the last 35 years whereas it was was over 300% for the 22 years between 1961 and 1983.
Of course don't tell any of that to my wallet as it would gape in disbelief!! :?
OH MY GOSH!!! I just noticed RV NET allowed me to use the percent symbol. They must have finally fixed that!!! :B
If you were getting paid $.50 per hour, you were being severely underpaid. Federal min wage in 1961 was $1.15 LINK
$1.15 in 1961 had the same buying power as $9.51 in 2018 LINK
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