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Minimum wage .... buys what ? (Original Post) MindMover Jul 2012 OP
not very much cindyperry2010 Jul 2012 #1
Back when minimum wage was SheilaT Jul 2012 #2
Interesting and true comment .... thanks MindMover Jul 2012 #3
 

SheilaT

(23,156 posts)
2. Back when minimum wage was
Wed Jul 18, 2012, 04:44 PM
Jul 2012

a dollar and a quarter an hour, I could actually live on my own on that amount. I had very little, had a roomate in a shabby apartment, but I could pay my share of the rent, buy food, clothes, and a little entertainment. After being on my own for a few months, minimum wage went up to a dollar sixty-five and hour, and I was noticeably better off.

The other issue is that there are so many more things we need, or think we need, that didn't even exist back then. Like a computer, the internet, a cell phone. I have all of those. I don't have a TV or cable/satellite, but most people do.

MindMover

(5,016 posts)
3. Interesting and true comment .... thanks
Wed Jul 18, 2012, 04:46 PM
Jul 2012

"The other issue is that there are so many more things we need, or think we need, that didn't even exist back then. Like a computer, the internet, a cell phone. I have all of those. I don't have a TV or cable/satellite, but most people do."

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