Bullshit...the unqualified assertion doesn't even pass a ballpark sniff test using Department of Labor's historical federal minimum wage rates[1] and Bureau of Labor Statistics' CPI inflation calculator[2] against Feb 2022 buying power.
| Eff Date | Rate | Today |
|----------|------|-------|
| Jan 1970 | 1.60 | 12.01 |
| May 1974 | 2.00 | 11.68 |
| Jan 1975 | 2.10 | 11.44 |
| Jan 1976 | 2.30 | 11.74 |
| Jan 1978 | 2.65 | 12.03 |
| Jan 1979 | 2.90 | 12.05 |
Even at a 100 year range it comes out to: ($1.00 = $16.89) https://www.in2013dollars.com/us/inflation/1922?amount=1
BUT, these numbers may not yet be taking into full account some of the most recent upticks in inflation. SO, there may be some room for error yet. But $24... sorry pal, but nope. Not quite there yet.
And for the Canadians out there: It's pretty much the same deal. I think last I checked, it was at $15.65 for 1$ @ 100 years range.
(It's usually written $15 an hour, but IMO you should count casual loading to compare to the US.)