Just curious - when did people set up a household on minimum wages that included a pretty nice car (I just paid $4500 for my Taurus with only 66K on the clock) have health insurance (dad raised 12 kids through 1986 and couldn't afford health insurance)? And since when is a cell phone and internet access a basic necessity of life? The performer Prince was worth over $100 million when he died and didn't have either one (yet still managed to keep in contact with his dope dealer).
Setting up a "a basic household" to me means roommates, bicycles, foot traffic, long hours of work and a couple jobs with extra work picked up on weekends. I lived that way for 5 years and paid for a college education in cash.
Minimum wage in 1960 was $1 an hour - about 8.05 an hour today - not all that far from the current minimum wage of 7.25 an hour. And in 1960 there were a lot more exemptions to minimum wage, farm workers were only paid 60% of minimum wages, students were also allowed to be paid less. Establishments that earned less than $250,000 annually (in 1960 - today over 2 million today) were exempt from minimum wage requirements.
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