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Discussion and Debate
Discussion and Debate
Politics
American Politics
Can we have some fact checkers please.
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<blockquote data-quote="iluvatar5150" data-source="post: 74459977" data-attributes="member: 313046"><p>Actually, your graph shows that the buying power of minimum wage in the 60's was comparable to what it is now.</p><p></p><p>The numbers [USER=284142]@RocksInMyHead[/USER] posted still work out today when adjusted for inflation. $7900 in 1960 is worth about $69000 today, and you can still find houses in that price range in small towns. A mortgage on a house like that would come out to around $300/mo, which ought to be manageable for someone making minimum wage.</p></blockquote><p></p>
[QUOTE="iluvatar5150, post: 74459977, member: 313046"] Actually, your graph shows that the buying power of minimum wage in the 60's was comparable to what it is now. The numbers [USER=284142]@RocksInMyHead[/USER] posted still work out today when adjusted for inflation. $7900 in 1960 is worth about $69000 today, and you can still find houses in that price range in small towns. A mortgage on a house like that would come out to around $300/mo, which ought to be manageable for someone making minimum wage. [/QUOTE]
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Discussion and Debate
Discussion and Debate
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American Politics
Can we have some fact checkers please.
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