MonsiuerPatEBrownTIL Minimum wage has only increased by $7.00 in 85 years in the USA.
ares35inflation-adusted, the federal minimum wage peaked way tf back in february 1968 at $1.60 an hour (equal to $13.46 in '2022 dollars').
๐พ๐๐๐๐ ๐ฟ๐๐๐Might as well use the latest numbers for this comparison. Yes, inflation is still absolutely sucking us all dry.
This is if you actually believe CPI is a legitimate measure, despite the cost of all the big ticket expenses like housing, education, and healthcare all increasing 5x or more above inflation.
Thatโs why theyโre conveniently not part of the inflation equation.
Thatโs true, though I canโt say for the US, in the UK, inflation is still ridiculously calculated. about it, because staples like pasta and rice werenโt included, but champagne was.