Federal minimum wage in 1965 was $1.25/h, which is $12.69/h today. Looks like Alaska had the highest state minimum at $2.10, $21.32 today. Or were you taking more average rather than minimum wage?
Comment on Anon describes past
Lyra_Lycan@lemmy.blahaj.zone 1 day ago
That generation got paid $45 an hour in today’s value.
JohnDClay@sh.itjust.works 1 day ago
bnrnrtbgd@sh.itjust.works 17 hours ago
They never said anything about minimum wage.
JohnDClay@sh.itjust.works 15 hours ago
In 2023 median hourly wage was $19.24/h, vs in 1979 it was $4.44/h or $19.56/h inflation adjusted. (This data doesn’t go back to 1965 unfortunately)
prole@lemmy.blahaj.zone 13 hours ago
There is a reason median is used here… If you take into account the massive (and constantly growing) income gap, it’s obvious that things have gotten worse for the average American.
JohnDClay@sh.itjust.works 9 hours ago
Are you thinking of a particular source? I couldn’t find substantiation for $45/h.
bitjunkie@lemmy.world 11 hours ago
If you scale it to housing prices, it’s even more ridiculous.