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B.C. tying minimum wage increases to inflation permanently through new law (www.nelsonstar.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 8 months ago (1 children)

Does anyone have a good estimate for what minimum wage would be if this had been implemented in 1970?

[–] [email protected] 9 points 8 months ago (1 children)

Did the math once at from somewhere around that time it'd be about $27

[–] [email protected] 4 points 8 months ago

Thanks. When we saw this, my wife and I just guesstimated that it would have to be close to $30 based on our experiences in the mid-late 1970s compared to now.

I was earning about 1.5 times minimum wage and managed to keep a pretty nice 2-bedroom apartment and food on the table while she stayed home with our son. We didn't think we had a lavish lifestyle, but we still managed a decent used car, her motorcycle, weekly date nights, and fairly regular camping trips.

Sadly, that might actually qualify for a fairly lavish lifestyle today.