Minimum Wage Trend
Over the years objects have become more expensive with growing minimum wage. In my short life most things have increased in price. What's surprising is that the extra money in wage does not usually buy its equivalent in goods from forty years ago. The toys, food, or trinkets today are more expensive compared to modern minimum wage. More expensive things like cars and houses though have increased a good deal. As things have been increasing in money, the amount for something does not end up proportional to what it used to be. The normal income earned may have increased, but the price on goods has increased more.
March 3, 2003 (notes are from 2001), only 13 (actually 15) years ago, but there are large price differences. Simple things like bread,
March 3, 2003 (notes are from 2001), only 13 (actually 15) years ago, but there are large price differences. Simple things like bread,