In 1968 federal minimum wage was $1.60. That's $15.67 in 2026 dollars. Current federal minimum wage is $7.25Thread question: Why have Americans become so much poorer since 1968. Why are those Americans who have been locked out of financial gains due to resume gaps worse off than their 60s counterparts
>>540004570modern slavery
>>540004570Raising minimum wage just accelerates the issue. You could make minimum wage $0100 and that just increases cost to produce and then price of everything goes up. Perhaps the actual issue is the currency itself and the system the currency exist in which allows hoarding of wealth.
>>540006093You almost understood the topic, do you want a treat?
>>540004570What do you do for work that pays only minimum wage? >Americans become so much poorer since 1968I wasn't alive in 1968, but I'm wealthier today than ever before in my life as is pretty much everybody I know IRL. How are you poorer today than you were in 1968 or even 1 year ago?
>>540006907This was lower class in the 50s. Are your wife and kids healthy? Is your home well maintained?
>>540007313>This was lower class in the 50sSo what does that have to do with 1968 or why you are earning minimum wage now? My town didn't even have electricity in the 1950s. This is how the guy who was a postmaster and owned a farm AND the general store was living in this region in the late 40s
>>540004570It's called "stagflation" and people in the know have understood it for decades as the factor making inflation exponentially worse for average people. Thanks for the reminder I guess.
>>540007723>healthy family all have the time to eat togetherWow. Compared to now they were richer>electricityWhat do you use electricity for?
>>540007824There hasn't been any productive growth since the 60s (40s as some anons have shown with photographic evidence). Yet we've been running at over 2% for the past few decades. This is theft.
>>540007877>What do you use electricity for?Refrigeration, running water, not having to crowd around my one kerosene lamp to be able to see things after the sun goes down, and a few less important things.But I'll bite, do you believe that if you were a manager of a trucking fleet you couldn't afford to live in a 700 square foot pre-fab with no insulation, no basement, no garage, and a 12" black and white TV built into the wall in some out of the way, completely undesirable real estate market?What precisely do you do for work that you're only earning minimum wage?
