this post was submitted on 13 May 2025
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Anon describes past (lemmy.ml)
submitted 1 day ago by LifeLemons@lemmy.ml to c/greentext@sh.itjust.works
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[–] JohnDClay@sh.itjust.works 13 points 21 hours ago (2 children)

Federal minimum wage in 1965 was $1.25/h, which is $12.69/h today. Looks like Alaska had the highest state minimum at $2.10, $21.32 today. Or were you taking more average rather than minimum wage?

[–] bnrnrtbgd@sh.itjust.works 30 points 14 hours ago (1 children)

They never said anything about minimum wage.

[–] JohnDClay@sh.itjust.works 2 points 11 hours ago (1 children)

In 2023 median hourly wage was $19.24/h, vs in 1979 it was $4.44/h or $19.56/h inflation adjusted. (This data doesn't go back to 1965 unfortunately)

https://www.statista.com/statistics/185335/median-hourly-earnings-of-wage-and-salary-workers/

[–] prole@lemmy.blahaj.zone 6 points 9 hours ago (1 children)

There is a reason median is used here... If you take into account the massive (and constantly growing) income gap, it's obvious that things have gotten worse for the average American.

[–] JohnDClay@sh.itjust.works 1 points 5 hours ago

You've got it backwards, median takes into account income gap better. Mean would be much higher today because of the increasing income gap. That is why I used the median, so that interesting inequality would be less of a factor.