Minimum wage, fairly, should have been around $32 in 2019 or so. I haven't run numbers lately because it's depressing, but I bet it's worse now.
You can't go off mcdonalds sandwiches, and you can't use the economic indicators that ignore food and fuel.
I've heard wild numbers from "the dollar is worth 50¢ compared to 20 years ago" to "the dollar has lost 98% of its value in the last N years."
I'm not an economist, but I do know my electric bill has been thr exact same dollar amount for 12 years, and I've halved my usage twice in those years. That puts the dollar purchasing power for power at 25% of 2013.
Gasoline changes prices so much I can't really say, it's about twice as expensive for 87 here as 12 years ago, but 93 is 2.5+ times higher.
Food? Don't get me started.
I live in the rural south. I don't really care about price fixing in Los Angeles or silicon Valley.
You can't go off mcdonalds sandwiches, and you can't use the economic indicators that ignore food and fuel.
I've heard wild numbers from "the dollar is worth 50¢ compared to 20 years ago" to "the dollar has lost 98% of its value in the last N years."
I'm not an economist, but I do know my electric bill has been thr exact same dollar amount for 12 years, and I've halved my usage twice in those years. That puts the dollar purchasing power for power at 25% of 2013.
Gasoline changes prices so much I can't really say, it's about twice as expensive for 87 here as 12 years ago, but 93 is 2.5+ times higher.
Food? Don't get me started.
I live in the rural south. I don't really care about price fixing in Los Angeles or silicon Valley.