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1963 Vs 2013 - Minimum Wage Comparison [Pic]

Hits: 8180 | Rating: (3.1) | Category: Misc. | Added by: Sweepofdeath
Page: 1 2 Next >   Jump to: Bottom    Last Post
Male, 50-59, Western US
 54 Posts
Sunday, September 08, 2013 7:10:06 AM
I wish liberals would really get behind their great ideas! Say like raising the minimum wage to a million dollars an hour. Then we can all work for a couple of hours and retire with everything we ever wanted. Liberals ideas are so smart!... Stupid is as stupid does. Wake up America!

Male, 40-49, Southern US
 1438 Posts
Saturday, September 07, 2013 1:54:26 PM
Some of the larger items are misleading. A cay today lasts a lot longer then one from the 60s. Also on average a tank of gas goes a lot further as well. Houses today are better built then the ones from 60s.

Male, 18-29, Eastern US
 85 Posts
Saturday, September 07, 2013 7:16:31 AM
this is not a problem for wages, but because the value of the money has been nearly destroyed

Male, 18-29, Midwest US
 1725 Posts
Saturday, September 07, 2013 5:18:09 AM
Home and auto prices is a little tricky to compare directly because of interest rates. I'm told stories of folks getting 9.9% and being happier than a pig in poo.

Male, 18-29, Europe
 642 Posts
Saturday, September 07, 2013 5:13:33 AM

Wealthiest nation on earth? You forget China my dear... and guess who all that national debt belongs to.

Female, 50-59, Canada
 6406 Posts
Saturday, September 07, 2013 1:09:38 AM
razbitom: Vancouver, for one, They (or what's left of 'em) were playing at the Pacific National Exhibition last month.

Male, 40-49, Australia
 894 Posts
Friday, September 06, 2013 10:37:02 PM
where does one find a beach boys concert?

Male, 30-39, Eastern US
 1963 Posts
Friday, September 06, 2013 8:26:26 PM
Where does one find a pound of bread for $1.88?

Female, 18-29, Western US
 584 Posts
Friday, September 06, 2013 7:07:43 PM

It isn't reasonable to pay $15 for a low-skill job, but it also isn't reasonable to give out the advice "go learn a skill." If someone can't afford food and they've always lived in poverty, how exactly do you propose they pay for an education?

There's always going to be people who are on the bottom rung, but 15% of our country is below the poverty line. Those are people who take more $$ than they put in. They're a symptom, not the virus. The solution isn't to say 'drat you' and take away their welfare. The solution is to level the playing field. For all that we tout the "American Dream", we have the lowest social mobility of any developed country. We're the wealthiest nation on earth, but nearly 50% of that is concentrated in the top 10%. That's drated up.

Male, 50-59, Southern US
 2147 Posts
Friday, September 06, 2013 5:45:35 PM
To some folks, the moral of this would be to increase their skill set to make them more valuable in the workplace.
To others it's: Wah!Wah! Wah! Pay me $15 an hour to flip burgers so I can buy all the stuff I want, have all the kids I want and buy a house- just like the people who learned real, marketable skills.

Male, 30-39, Eastern US
 788 Posts
Friday, September 06, 2013 5:41:40 PM
less bitching about the infograph. more old timey stories about nickel stores, and dime candy.

Male, 40-49, Midwest US
 17367 Posts
Friday, September 06, 2013 5:16:05 PM
I believe the gallon of milk comparison is likely the best of them. Gasoline costs more now, but today's cars get 4-5 times better gas mileage. Home prices are still overly inflated as are phone bills.

But, roughly, everything is 11 times more expensive than it was back then, due to inflation. So the minimum wage should be 11 times the 1963 minimum wage of $1.25, which is $13.75

Male, 50-59, Western US
 34237 Posts
Friday, September 06, 2013 3:32:00 PM

I'd rather see more survival stuff like rent, more food items. A hospital stay. College tuition.

Male, 40-49, Eastern US
 321 Posts
Friday, September 06, 2013 2:35:01 PM
In 1963, the typical car lasted for about half as many miles as a typical car lasts today. So, the correct comparison is 1963: 123.8 weeks vs 2013: 76.6 weeks.

Male, 30-39, Eastern US
 788 Posts
Friday, September 06, 2013 1:15:34 PM
So if vinyl is 20-30 today, that makes music pretty cheap compared to the past.

Male, 40-49, Eastern US
 1712 Posts
Friday, September 06, 2013 1:10:15 PM
RE: album costs...

I bought most of mine for 6-7 dollars but that was at a small independent shop. The mall record shops were charging around 8.50 .

That was the early 1980's.

Male, 60-69, Midwest US
 15860 Posts
Friday, September 06, 2013 1:10:12 PM
how much did an album cost?

When I was in HS, ~1970, albums were $4-5, and concert tickets were $3.50, $4.50, and $5.50. Gas was 29.9 cents, and cigs were $2.50/carton or 28 cents a pack. The gas station had a machine took 30 cents, and you took 2 pennies from a flat box on top of the machine.

Male, 30-39, Eastern US
 788 Posts
Friday, September 06, 2013 12:36:47 PM
@old people

how much did an album cost?

Female, 30-39, Canada
 230 Posts
Friday, September 06, 2013 12:21:55 PM
$45 for a Beach Boys ticket??? I thought you could see them for free at state fairs and such...

Male, 40-49, Midwest US
 579 Posts
Friday, September 06, 2013 12:18:40 PM
This bugs me because it's not that I hate money, money, I think money hates me. ...Wish we didn't even have money.

Male, 18-29, Eastern US
 2564 Posts
Friday, September 06, 2013 12:03:34 PM
Though it's not clear if the numbers they use are based on the whole wage, or the after tax wage.

Male, 18-29, Eastern US
 2564 Posts
Friday, September 06, 2013 12:01:18 PM
Keynesian inflation.

However, be skeptical with these sorts of things. Lots of other factors have changed, like the Earned Income Tax Credit. So the comparison is a little off from the reality.

Male, 30-39, Eastern US
 788 Posts
Friday, September 06, 2013 11:59:47 AM
I don't know about the 70s, but in the late 80s a pound was worth about 2 dollars.

Male, 50-59, Europe
 6912 Posts
Friday, September 06, 2013 11:39:54 AM
That seems a lot for the concert ticket. I started going in the late 70s and they were only 3 or 4 pounds then.

Male, 30-39, Eastern US
 788 Posts
Friday, September 06, 2013 11:24:44 AM

Assuming inflation is a good thing. They really should tie minimum wage to it.

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