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flyingcucu t1_j0hh4sd wrote

Reply to comment by yupuhoh in Maine Will Have a New Minimum Wage Beginning on January 1st by Shake-Spear4666

it was not like this for boomers. 40 hours = able to buy a house working at mcdonalds

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yupuhoh t1_j0hivw6 wrote

Actually to buy a 200,000 house at 13.80 min wage you have to work 14,492 hours.

To buy a house in 1980 for 47,500 at 3.10 min wage you have to work 15,322 hours.

I went back 40 years. Not sure if that's appropriate for the "boomer" term. Sorry if it's not

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flyingcucu t1_j0hjcbt wrote

Uh, having worked in the mortgage industry, that is not how that works.

You just cant compare money earned/hours to the end price of a loan. LOL

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yupuhoh t1_j0hkg0h wrote

Just like you can't compare living 40 years ago to today......

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JesseIsAGirlsName t1_j0hqdg4 wrote

I don't remember low-level fast food employees buying houses back in the 70s and 80s. Maybe living in a crappy trailer park, but not in a proper house.

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