Loading ...Geno’s upstairs apartment around 1966 was $90/month including utilities. So it took 64 hours of $1.40 min wage, to cover the $90/mo.
The same apartment these days is $1500/mo.
At todays Min Wage $7/hr the same apt needs 214 hours on min wage instead of 64 hrs. If you divide 64 hrs into todays $1500 rent, it means Min wage today should be $23.43 to equate the $1.40/hr.
Back in the day, a poor person, or high school graduate, could buy many of the same things as a wealthy person. A Corvette, Cadillac, waterfront house etc. With loans of course. The rich back then probably didn’t like that. 🙂