This problem is nothing new, but this specific example with these numbers puts it into a fucking brutal perspective.
To put these numbers a different way: A Taco Bell burrito that used to cost ~7 minutes and 20 seconds of minimum wage work now costs ~30 minutes and 30 seconds of minimum wage work.
You used to be able to work at Taco Bell anywhere in the country and make enough money in one hour to buy at least 8 burritos (maybe 9 if you're a manager or something) and feed, like, 3-4 people a decently-filling meal. But now, the same amount of work at the same job will get you one meal for one person. And this change has happened over a mere 15 years.
Remember this whenever you see rich people demonize younger generations for our financial situations, when they call us irresponsible for not investing a ton of money in savings accounts.
we were playing around with the rumored cost of GTA 6 in a discord server eariler, and while 150USD translates to 228.55AUD, if you convert this to cost in minimum wage, its less than 10 hours (or one shift) at minimum wage in Australia and more than 20 hours (or two shifts) in the US, despite being less individual dollars in the US. And its not like the Australian minimum wage hasn't been stagnating either, which puts into perspective just how shockingly low the US minimum wage is for an otherwise extremely wealthy country.




















