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fegan104 t1_j9ml67v wrote

In 1989 MA minimum wage was $3.75/hr, so 40 hours a week 52 weeks a year adds up to $7,800. Adjusted for inflation that would be $19,269.

In 2023 minimum wage in MA $15.00/hr, so 40 hours a week 52 weeks a year adds up to $31,200.

Not a particularly meaningful insight but interesting to get a rough sense of how it stacks up.

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chance_008 t1_j9mn532 wrote

Don’t kill me if this research is incorrect but I was curious so I looked up average rent prices from 1989 and today. I found around $350 for 1989 and $2700 for today. Using your figures above the minimum wage employee would spend about 21.8% of their yearly Income on rent compared to 103.8% of their annual income in 2023.

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