Quote:
Originally posted by Rudey
Only 2.8% of American workers above the age of 30 work for minimum wage. These workers generally are not sole wage earners and live with family/parents and have access to supplemental income through the Earned Income Tax Credit.
-Rudey
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Once again, Rudey posts a short and explicit and complete answer.
Thanks.
And I suspect a bunch of the 2.8% are handicapped, doing a good job slowly.
In the good ole days, when Hoosier was in high school, the starting wage at McDonalds was 75¢. After six weeks, a raise to 90¢.
McDonalds hamburger: 15¢ (19¢ with cheese).
One hour's pay bought five McD burgers.
Today: McD burger: $1
One hour's (at min. wage) pay buys 5 1/2 burgers.
At typical McD. pay of $7.50/hr., you can buy 7 1/2 burgers.
There's your concrete proof that today's workers are way ahead, based on the McDonald's economic index.
If this was in your textbook, it'd cost $35.99.