$21 is an MIT-provided living wage number for many parts of the country (including Santa Fe, where I live (or close by)). There are places where that's still not enough: I think $35/hr just about covers anywhere in the US at this point.
It's also the CPI-adjusted equivalent of 1960s minimum wage numbers.
I used $2 in 1962 because in the 2016 Republican primaries one of the candidates made a reference to their job working in a burger store using these numbers.
$21 is an MIT-provided living wage number for many parts of the country (including Santa Fe, where I live (or close by)). There are places where that's still not enough: I think $35/hr just about covers anywhere in the US at this point.
It's also the CPI-adjusted equivalent of 1960s minimum wage numbers.
1963 @ $1.25 or 1957 @ $1.00
giving me $1.25 * (304.702/30.6) = $12.44 or $1 * (304.702/28.1) = $10.84
my sources: https://www.dir.ca.gov/iwc/minimumwagehistory.htm https://www.usinflationcalculator.com/inflation/consumer-pri...
https://www.bls.gov/data/inflation_calculator.htm
January 1962 $2 => Nov 2024 $21.03
Using $1.25 in Jan 1963 gives me $12.97 ...
I used $2 in 1962 because in the 2016 Republican primaries one of the candidates made a reference to their job working in a burger store using these numbers.
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