US minimum wage reached $1/hour in 1956, or $10.25/h in 2021 dollars
Since 1956, inflation adjusted GDP per capita increased by +218%
All things equal, this would mean ~$66k / year for a 9-to-5 job paying minimum wage
Since 1956, inflation adjusted GDP per capita increased by +218%
All things equal, this would mean ~$66k / year for a 9-to-5 job paying minimum wage
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