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false. the times back then are not equal to now. You had mutliple economic crashes reversal of polices. and also the fact the minium wage was more up to date with the people of the past than the people of now.Then, you also have the fact that a lot of the elderly that can afford to get healthcare in the first place have a lot of the three things I mentioned earlier due to them having planned ahead for a long time for the years where their bodies would start to break down.
Right now the federal minimum wage is 7.25.
You have the fact there has been countless attacks on workers unions, practically giving companies free reign to do whatever the fuck they want.
The federal minium wage back at 1980, which was 3.10. when adjusted for inflation was 10.53
You have the fact that the rich are not being taxed as much as they should be, despite the fact making many many times over what the normal person could make and 100x times more than what they could make in the past.
This essentially means that those in the past who made decent amount of money in the past were perfectly fine. But people from ages 30 and downward are completely and utterly fucked.
Cool but you realize that 40% of the average workers pay goes to rent alone? what about other expenses? food, water, car expenses (if it breaks down or something happens. I'm sure you had to change oil plenty of times at this point)And that's what insurance, having savings, investments that you allow to grow over the course of your life is all about; having money for unexpected events, emergencies, and for any rainy day in general.
Oh and let's not forget that jobs are not required to provide health insurance, so go add that too. Oh your diabetic type 1? go add another 5% To those expenses. Your going to quickly realize that there is very little to save.
Let's not forget to mention in 1963, you could pay for collage with a job.
In the modern day, that is completely infeasible. You could work two entry level jobs, and still not make enough to pay for collage.
Meanwhile united states is the highest spender in healthcare already, while having the worst care. Meanwhile the UK spends less money on health care but has some of the best care.But when expenses start rising thanks to government suddenly stepping in to power their way over private insurers, you have to wonder what the government is mandating that would cause costs to rise so high in the first place.
Didn't really catch the memo didn't ya.
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oh and let's not forget the cost of housing went up by 60% all on it's own. even without a minimum wage increase.
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