You mean a full time wage?
Comment on You are not living in reality if you do not see the huge difference between THEN and NOW
Hikermick@lemmy.world 6 days ago
Do people on Lemmy think that there was a time when one could afford a house on fast food worker wages?
floquant@lemmy.dbzer0.com 6 days ago
Hikermick@lemmy.world 6 days ago
Yes. Full time fast food worker wages
kandoh@reddthat.com 6 days ago
In the 1980s, it was possible for a McDonald’s worker to afford a house on their salary alone due to lower housing costs and higher relative purchasing power. For example, in 1980, the average home price was around $47,200, and minimum wage workers could feasibly save for a down payment with disciplined budgeting[5].
Today, this scenario is nearly impossible. Housing costs have skyrocketed while wages have stagnated. A full-time McDonald’s worker earning $8.75/hour would gross about $13,811 annually, far below the income needed to afford even modest housing without spending more than 30% of their income on rent[2][4].
Citations: [1] Is it possible to move out parents house with McDonald’s income? reddit.com/…/is_it_possible_to_move_out_parents_h… [2] Paycheck for a McDonald’s worker is very small. - Upworthy upworthy.com/heres-a-paycheck-for-a-mcdonalds-wor… [3] Mcdonald’s Real Estate: How They Really Make Their Money - wallstreetsurvivor.com/mcdonalds-beyond-the-burge… [4] [PDF] Unaccommodating: Rental Housing Wage in Canada policyalternatives.ca/…/Unaccommodating - Rental … [5] Could You Buy a House Working at McDonald’s in the 1980s? nasdaq.com/…/could-you-buy-house-working-mcdonald… [6] [PDF] Salaried-Employee-Handbook-Office.pdf - McDonald’s mcdonalds.com/…/Salaried-Employee-Handbook-Office… [7] How to work at McDonald’s and still become a millionaire - CNBC cnbc.com/…/how-to-work-at-mcdonalds-and-still-bec…
M0oP0o@mander.xyz 6 days ago
Oh can not wait for the reply to this, as if we do not have examples of this in living memory.
Its silly but we are seeing more and more of this crap, where the past can not be the way it was since the way it is today is not like the way it was. Some sort of odd american static impression of the world around us.
Mickey7@lemmy.world 6 days ago
The confusion is that fast food jobs have always been for kids. Not permanent jobs. Non kids work them now because of the millions of blue collar jobs in the manufacturing sector that left the country over the past decades. Those were the jobs that paid enough for you to buy a house. I wonder what policies might bring back those good paying jobs in manufacturing might be
jwmgregory@lemmy.dbzer0.com 6 days ago
um yes? because it’s the truth? do some research before posting man. even if you were alive back then that doesn’t mean you knew wtf was up everywhere in the country with every demographic.
apologies for reddit as a source but full time wage in 1974 for mcdonald’s was, coupled with program like the GI program, absolutely more than enough capital to buy a family home. don’t spread misinformation. remember what was stolen, or for some never even given.
MDCCCLV@lemmy.ca 6 days ago
There were houses in the US that were only 25k just before the great recession. Not everywhere certainly, small houses in major cities, we used to have cheap houses not too long ago. It was only after COVID that all the houses went up to a national minimum because of WFH and other things.
Hikermick@lemmy.world 6 days ago
You are gullible
jwmgregory@lemmy.dbzer0.com 6 days ago
no, i just think i don’t like dealing with idiots like yourself who’s perogotive is to abscond anything you read that makes you feel any cognitive dissonance.
i have nothing good to say to those who can’t engage in good-faith discussion, like yourself. you’re part of the problem with the world nowadays.
AbsoluteChicagoDog@lemm.ee 6 days ago
Wow what a well thought out and detailed rebuttal.
fyzzlefry@retrolemmy.com 6 days ago
Gottem