Idk who’s closer, guys. Where the sauce at :u
Comment on Anon describes past
JohnDClay@sh.itjust.works 19 hours agoFederal 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?
bnrnrtbgd@sh.itjust.works 12 hours ago
They never said anything about minimum wage.
JohnDClay@sh.itjust.works 10 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)
statista.com/…/median-hourly-earnings-of-wage-and…
prole@lemmy.blahaj.zone 8 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 4 hours ago
You’ve got it backwards, median takes into account income gap better. Mean would be much higher today because of the increasing income gap. That is why I used the median, so that interesting inequality would be less of a factor.