• grue@lemmy.ml
    ·
    1 year ago

    It took two hours of working minimum wage to buy an Elvis ticket ticket.

    Elvis ticket cost in 2023 dollars: $31

    But minimum wage is $7.25/hr, so $31 is more like four hou... oh wait.

    • Dagwood222@lemm.ee
      ·
      1 year ago

      I talk about the real cost of living all the time.

      1960 minimum wage was $1.00/hour and the cost of the average house was $11,000.00. Cost of the average house today is over $300,000.00. Minimum wage should be $30.00/hour, right?

      • grue@lemmy.ml
        ·
        1 year ago

        I know! The point is that we're seeing the combined effect of ticket prices increasing relative to inflation and minimum wage falling relative to inflation, compounding the unaffordability.