Reply #9: Minimum wage buying power is close to 2 gal an hour [View All]

[Old Hickory Fan]

if and when we get anywhere close to 1 gal an hour then look out below bigtime for the economy.

When Clinton was in office those on minimum wage could buy up to 4 gallons an hour. Now consider rent, utilities, health care, food, clothing, education costs, entertainment, federal and state taxes etc...Do you know of anything that is truly cheaper now than it was four years ago?


My point is basically that the less fortunate among us get the squeeze first BUT they are the canaries in the coal mine. Reminds me
of a house on stilts and they are the stilts at the bottom of the so called "trickle down" which is a blizzard of despair right now.