3 ms·
Not sure why the downvotes. Purchasing power is all that matters. Would you rather earn $1/hr or $15/hr? All that matters is what that money can purchase. Thi
by wonder_er 9y ago
Not sure why the downvotes. Purchasing power is all that matters. Would you rather earn $1/hr or $15/hr?
All that matters is what that money can purchase.
This is the funny thing about our steadily increasing minimum wage laws. I've not seen many people discuss why purchasing power keeps declining.
In 1990, $15/hr then was equivalent to $28.72/hr today. [0]
Obviously, something is happening to purchasing power of our dollars, but it doesn't get discussed much.
[0] https://www.dollartimes.com/inflation/inflation.php?amount=15&year=1990 https://www.dollartimes.com/inflation/inflation.php?amount=1...