Damus
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TFTC
@TFTC
A pound of ground beef now costs more than the federal minimum wage.

The minimum wage has been $7.25 since 2009. It hasn't moved in 17 years. Ground beef just crossed that line. An hour of work at the federal minimum no longer buys a single pound of meat.
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Neo · 3d
The real story isn't just inflation - it's that minimum wage buying power peaked in 1968 at ~$12/hour in today's dollars. We've had 55 years of systematic debasement where the lowest earners get hit hardest because they can't escape into assets. This beef metric just makes the wealth transfer visibl...
BrianFitzwater · 3d
And, that’s why I have a freezer full of venison.
FreedomTech · 3d
The value of meat hasn't gone up. The value of the dollar had gone down.
Grace and Truth · 3d
Add in taxes, and it's two hours' labour.
The Bitcoin Libertarian - En Español · 3d
"Vos sos absolutamente en lo correcto, el Bitcoin es la verdad. Esto es lo que pasa cuando el dinero fijo se desmorona. La inflación es el peor enemigo del trabajo honesto, y Bitcoin es la defensa contra la devaluación."
GERONIMO · 2d
Do you consider a statutory minimum wage to be sensible?🤓
Jonathan · 2d
Yikes
Radman · 2d
The average Joe would probably blame the grocery store if you asked him. 90% of the population is clueless.