• iopq@lemmy.world
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    7 months ago

    What are you talking about? We are richer now than then.

    Just look up, I don’t know, the percentage of homes with hot water or electricity. Look up percentage of homes with an indoor toilet. It’s nearly 100% now… But in 1960s these were not a given

    • Dagwood222@lemm.ee
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      7 months ago

      Or, to put it another way, in 1960 minimum wage was $1.00/hour and the cost of the average home was $11,000.00. A burger flipper could get hired on high school graduation day and be a homeowner in 20 years without ever getting a raise.

      Are you saying that all the technological and medical progress of the last 60 years was a direct result of the decrease of real wages?

        • Dagwood222@lemm.ee
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          7 months ago

          Let’s be liberal and go with California’s $20.00 minimum wage. Price of an average US home today is about $350,000. If a minimum wage worker lived with their parents and saved all their they could buy a house in about 9 years. The 1960’s version could do it in about 5 years.

          The actual price of the average home in California is over $750,000.00