Saturday, April 19, 2008
Ain't that America, for you and me
(Video from Jeralyn at Talk Left)
Economic signposts: In 1967, I had completed my first year of college.
I worked part-time for $1.35/hr, which was $0.10 more than minimum wage of $1.25. Gas was $0.21/gal. My Mom & Dad bought their current house for $27,900.
Proportions: Gas = 17% of minimum wage. House = 22,300 x minimum wage.
Today, CA minimum wage is $7.50, and gas in our area is $3.86/gal. Mom's house is worth (according to Zillow.com) $600,ooo.
Proportions: Gas = 51% of minimum wage. House = 80,000 x minimum wage.
That's progress, just in the wrong direction.