Is Fox news unironically the best place to learn about your new favorite social dem?

  • Snowclone@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    edit-2
    9 days ago

    what year, and how much exactly per hr. I would love to point out how inflation works to you. the average worker in the 50s at an entry level, no high school diploma required job, was making A LOT MORE than you’d guess after factoring in inflation.

      • Snowclone@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        5 days ago

        in 2015 that’s $18.73 in US dollars, with inflation $24.92. So there’s not much to unwrap there except that the “current value” is never matching our current year, as these things have to be a few years old to have reliable stats to calculate. to inform my previous statement though, the entry level jobs at GM in 1955 required no diploma and were $2/hr with benefits. in 2025 dollars that’s $23.99. The average entry level pay in the US right now is $16/hr and typically without benefits. A lot of people who grew up on the $2/hr income think we are getting it FAR TOO GOOD, when that’s simply not the case.

        • jsomae@lemmy.ml
          link
          fedilink
          arrow-up
          1
          ·
          5 days ago

          Minimum wage here is less than CAD$15, though it’d be tough to live off.