They should add a date to the title - I saw the $5 and hour and was confused. I swear I remember McDonald's starting people at $10 an hour even around that time.
https://comptroller.nyc.gov/reports/spotlight-minimum-wage/
I specifically remember being a teenager around that time and trying to math out a part time job at McDonalds for 5.35 an hour and realizing how tough it all was.
Minimum wage is a floor. It doesn't mean you can hire at that rate.
Minimum wage in my state is the federal minimum ($7.25/hr) but restaurants here have to pay about double that to get anyone.