• Dagwood222@lemm.ee
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    1 year ago

    Always keep this simple fact in mind.

    In 1960, minimum wage was $1.00/hour and the average US home was $11,000.00. $1 million was a vast fortune.

    When ronald Reagan took office, ‘middle class’ was still defined as one job supporting a family of four.

    By the time George HW Bush had finished his term, middle class was two jobs to keep the family going. And $1 million was what a rich guy paid for a party.