Buying power

[Sporadica]

I've talked to my parents in regards to minimum wage and stuff and I've noticed that in their time of the 1950's-70's, minimum wage could buy alot more for items for something, 20oz pop today costs about 75c eact, back in the 60's minimum wage was $1/hr, a 20oz pop would've cost 5 cents, now minimum wage for my province is about to be $9.60 CDN

60's min wage gets you 20 pops
today min wage gets you about 13 pops

if minimum wage was properly adjusted we should be getting 20 pops for minimum wage today.

Another thing is that kids today are working harder, for less money, for reducing benefits and worse insurance coverage, working longer and are paying more for the same things that cost less a while ago. The reason being is that there's too many people, not enough money, so as money supply stays relatively the same theres more people which means you gotta work more to earn the same keep. Frankly this is all BS because I don't want to have to work my ass off 10-12hrs a day working a BS job or even a career I like just to have to pay the rent and retirement fund so then i'd have no free time. People are now working 60hr weeks.

So what do you think about how us teens have to work harder and longer for the same amount of buying our parents had?

[trooneh]

Wait, you can get a 20 oz bottle of soda for $0.75? Where are you getting that? =/

It's frustrating, minimum wage isn't keeping up with inflation, but it's still possible to subsist on minimum wage from what I can tell. Barely, but possible all the same. Minimum wage does vary state to state and province to province though. What're the minimum wages in the other Canadian provinces?

[SosbanFach]

What, 600mls of soft drinks for 47p? Where do you buy cola? Here a 500ml (approx 17 fl oz) bottle would cost about £1 (USD1.60, CAD1.54, EUR1.12)!

[DerBear]

OK first of all i think this guy is just using fizzy pop as an example so lets look behind this example and look at this properly

The min wage is diffrent in all parts of the world like here in the UK it varies on age

I do think this is a rather major problem but we cant do anything about it can we a part from complain and lets be serious....the goverment rarley cares enough to lisen to our complaints

so i do agree pay is not rising but the cost of most things is

but at the end of the day we cant do shit about it can we

so we must make the best of what we have in life and keep our chin up and move on

[Sporadica]

OK first of all i think this guy is just using fizzy pop as an example so lets look behind this example and look at this properly

The min wage is different in all parts of the world like here in the UK it varies on age

I do think this is a rather major problem but we cant do anything about it can we a part from complain and lets be serious....the government rarely cares enough to listen to our complaints

so i do agree pay is not rising but the cost of most things is

but at the end of the day we cant do shit about it can we

so we must make the best of what we have in life and keep our chin up and move on

I agree with you there.

Also to everyone, I made a big mistake and apologize, I actually meant a 355ml can of pop (12oz I think). In hindsight I should've just used ml lol

[PerpetualImperfexion]

The problem is that now a days most people are very greedy and care about nothing but money. Its sad but its also true.

[TheMatrix]

The problem is that now a days most people are very greedy and care about nothing but money. Its sad but its also true.
I think we all know that :)

Yeah, it's hard to keep up with inflation. I've read stories that in the early 1900s, you could get a whole bag of candy for USD $0,01. These days it would sell for USD $1 or more.

[skater94]

In my province, the minimum wage is even lower: $8.75/hr. The problem with working and not being able to afford things is really obvious in the housing market. People can barely afford rent, let alone investing and putting money in retirement funds.

And how would you deal with this problem? Get a job that pays more than minimum wage.

[DerBear]

In my province, the minimum wage is even lower: $8.75/hr. The problem with working and not being able to afford things is really obvious in the housing market. People can barely afford rent, let alone investing and putting money in retirement funds.

And how would you deal with this problem? Get a job that pays more than minimum wage.

yes it can be tuff for people

also getting a job that pays more that the min wage is really hard these days