In 1990 he was making $155K in todays dollars and his benefits were far in excess of what most anyone has today. I have 2 bachelors, one of them an engineering degree, and I have an MBA with a focus on finance. That's what it takes to earn the middle class wage my dad raised our family on, but my benefits are still far behind what his were then.
I just can't get over that people think $16 an hour, or even $20 an hour is some big amount. Young adults making $16 an hour can't afford to live, they probably live at home with their parents still or maybe live with a few friends in a small apartment. Same as we did in 1990 making $6 or $7 an hour.
Honestly had someone tell me that McDonald's workers can now afford to own homes and 2 cars and that's why inflationis so high. You work at McDonald's as a regular worker, there is no way you are buying a house, period. It's the same entry level job to barely scrape by on that it was in the 1980s and 90s.
One of my first jobs in high school was at Burger King in 1987, the manager making $5.50 an hour was someone I looked up to, couldn't believe he was working 48 hours some weeks. He was able to afford a decent apartment with a roommate and he had a fairly nice and fast car. Now a days, that would come out to $16.28 an hour and I doubt he could afford the life he had back then.
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