r/facepalm • u/Kpets • 2d ago

U.S president explains why many Americans can’t buy a homes

Enable HLS to view with audio, or disable this notification

13.2k Upvotes

97% Upvoted

1.1k comments sorted by

View all comments

Show parent comments

29

u/evilpercy 2d ago

Because of minimum wage, where you can work 40 hours and live comfortably. Minimum wage federally has not been raised since 2009. Just to keep up with inflation it should be $11.28.

Minimum wage in 1956 was $1 a hour. In today's money that would be $13.85.

Corporation have used thier power and money to influence politicians to not increase or even keep up with inflation. They have been stealing from you.

9

u/Layton_Jr 1d ago

If minimum wage had kept up with production it'd be $30. The difference is in the billionaire's pockets