Quote:
Originally Posted by rsmurano
Plus, raising the minimum wage fixes nothing. Everybody who got a $5 increase in pay still made less overall because all the businesses raised their prices to cover the increase in salaries and part of the inflation we have been experiencing is due to these increase in salaries.
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Exactly:
1950
Minimum wage: $0.75/hour.
Gas: $0.27 or 22m.
Movie ticket: $0.48 or 38m.
Rent: $42 or 56hrs. (All figures represent the average cost of a movie ticket, a gallon of gas, and the median rent.)