1940: minimum wage is about 40 cents an hour. 5 cents buys you a beer, veal is 13 cents a pound. In 1940, you could work one hour, and have meat and bread for two days plus six beers...
What does one hour of minimum wage buy you now? Two beers in a restaurant, if you are very lucky. Hopefully they will offer you some free peanuts....
A friend told me that when he was young in the early 1970's, he could live by himself, own a car, and work part time, on close to the minimum wage....
What cost you $100 to buy in 1964 costs you $650 in 2006.
What does one hour of minimum wage buy you now? Two beers in a restaurant, if you are very lucky. Hopefully they will offer you some free peanuts....
A friend told me that when he was young in the early 1970's, he could live by himself, own a car, and work part time, on close to the minimum wage....
What cost you $100 to buy in 1964 costs you $650 in 2006.
posted by Zero at 5:43 PM
0 Comments:
Post a Comment
<< Home