Living on the Minimum, What It'll Buy You, Then and Now
| Minimum Wage (real value, 2011 USD) | Movie Ticket (in tens of minutes worked) | Average Rent (in tens of hours worked) | |
|---|---|---|---|
| 1950 | 7 | 3.8 | 5.6 |
| 1960 | 7.6 | 4.1 | 7.1 |
| 1970 | 9.28 | 5.8 | 6.75 |
| 1980 | 8.46 | 5 | 7.8 |
| 1990 | 6.54 | 10.2 | 11.8 |
| 2000 | 6.73 | 7.8 | 11.7 |
| 2010 | 7.48 | 9.6 | 10.9 |
Price in terms of Time Worked at Min. Wage
