• 2 Posts
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Joined 11 months ago
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Cake day: July 28th, 2023

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  • I think the most important context is minimum wage.

    In 1982 a full-time job making $3.35 an hour is pulling in approx $6,700 a year. Or 14% of the price of a house.

    In 2022, that same worker, working the same number of hours at minimum wage $7.25 an hour is bringing in $14,500 a year. Or 3.5% the price of a house.

    The same for groceries. THAT is the fucked up part. It’s what happens when people seem OK with 50 trillion dollars going from the bottom 90% to the top 1% over the past several decades.