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this post was submitted on 21 Jan 2024
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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In 1960, minimum wage was $1.00/hour and the price of the average home was $11,000.00. Of course people wanted to work hard and save, because they could see that it paid off almost instantly.
BTW, in 1960 $1 million would buy a mansion, a few nice cars, and a couple of businesses. Today, it's what a rich guy pays for a party.
I wanted to see a graph, and couldn't find one online.
It looks like, at least in the middle of Canada, being born between 1960 and 1980 was the ideal time if you wanted to buy a home.
This doesn't take into account mortgage rates, tax rates, average household income, unemployment rates, or other cost of living expenses.
I just wanted a little chart, not to lose my whole day
In the middle of Canada; Winnipeg, MB:
Lazy sources:
https://www.gov.mb.ca/labour/standards/history-min.html
https://www.youtube.com/watch?v=v3TKC-H0omc
https://www150.statcan.gc.ca/n1/daily-quotidien/980512/dq980512-eng.htm
That early minimum wage growth is huge. 2,5x during 1960-70, then 2x 10 years later. Imagine minimum wage being $30 by 2030, then $60 by 2040.
If we wanted things to keep pace with the house price to wage ratio of 1980(for people born in 1960), Minimum wage should've been $17.66 in 2020.
Minimum wage had an increase of 1,703%. Housing had an increase of 1,880%.
In 1960 you could buy an estate in Beverly Hills, or La Jolla, for a cool $100,000