What a steaming pile of shit.
At minimum wage, how many hours of labor were required in 1979 (40 years ago) to buy the least expensive car? What if that car had power steering, power breaks, AM/FM stereo, and power windows? How many hours does it take today to buy a Kia Sonata with those features?
How many hours did it take to buy 1 pound of Top Sirloin Steak? How many today?
How many hours did it take to buy a 19" color TV? An inexpensive stereo? A pair of jeans? A pair of prescription glasses?
See, the thing about you Marxists is that you lie. You put up graphs from ThinkProgress or DailyKOS which are dishonestly stamped "source: St. Louis Federal Reserve" which is just a fucking lie, you got your graph from a Soros hate site, and we ALL know it.
The leftist hate sites attempt to deceive by using metrics that are not equivalent. So I challenge my leftist indoctrinated students to use a consistent metric, how many hours of labor at minimum wage?
Wow, that was an amazing rant. Seems someone did not take their meds today.
I do not know the answers to those things, but clearly you do, so lay out the data for us all to see.
I will happy be awaiting your response. In the mean time I will still be against the concept of a minimum wage while I guess you support one.
It's quite easy to find out Comrade.
Minimum wage in 1979 was $2.90 an hour. The least expensive car was the Ford Pinto Run About at $4,299. To add air conditioning was $500. To "buy" that car cost 1,654.48 hours of labor.
Least expensive car in 2019 is the Kia Rio, it has power everything and air conditioning. I added air to the Pinto but nothing else. It has an MSRP of $11,990. To "buy" this car at minimum wage now will cost 1,453.33 hours of labor at the federal minimum of $8.25. Yeah, it's a piece of crap, but better than the Pinto was.
Minimum Wage in 1979. How much was inflation?
We can do the same with the steak, but with Stater Brothers running Sirloin for $2.99 a pound, there isn't a lot of point. Ditto the TV and virtually ANY consumer good. Shall we talk phone bills? Long Distance?