The local car wash is offering $20 per hour for help. The local pizza joint is offering $25 per hour for a full time position. Fifty years ago when I got out of high school entry level jobs were paying $2 an hour, gasoline was 25 cents per gallon, and a studio apartment could be had for $80 a month. So wages have gone up by a factor of ten, but fuel and rent have gone up by a factor of 20. If wages were to keep up with rent, then entry level jobs would need to be paying $50 an hour, which would amount to $100,000 (one hundred thousand dollars) a year. $2 an hour 50 years ago wasn't enough to enable you to pay for a car. Basically, if you want to live like a white man, you need to pulling down upwards of $100 an hour. Professionals like doctors and lawyers cost upwards of $200 an hour.
What are things going to be like next year? Are prices going to double? That's what I'm thinking.
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