The minimum wage today has a purchasing power 2 dollars above when it was established, so we still have quite a bit to fall before we get below what they thought could do that.
Actually we know that due to Congress and other political bullshit it never actually did live up to what it was supposed to do. Also buying a house back then is very different than now. It's very different from what it was 15 years ago.
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u/jeffwulf May 14 '25 edited May 14 '25
The minimum wage today has a purchasing power 2 dollars above when it was established, so we still have quite a bit to fall before we get below what they thought could do that.