I recognized back in high school - during the time of Whip Inflation Now! - that milk and gasoline float to just about equal half an hour's wage at minimum wage. Back then, minimum wage was $2.75, and you could get milk or gas for about $1.30 a gallon. Today minimum wage has risen to $7.15 (headed for $7.40 on July 1) and gas and milk are following along, at about $3.60 a gallon.
Efficiency apartments float along, too, costing about 50 hours work, or currently about $370 a month. This would equate to about $740 for a one-bedroom (assuming two people are sharing). These are of course located in the less-desirable parts of town, because they're being shopped to people with minimum-wage jobs.
It really is fascinating how this floats along. It shows how really hard it is to make headway if you're down at the lowest pay scale: You have to move up the chart and earn multiples of minimum wage in order to impact your lifestyle.
NPR just had a news story where a farmer from Iowa (near Ankeny) and his wife were interviewed. He owned about 1100 acres and grew corn, soybeans, and livestock. The interviewer asked if he could put his net profits into figures, and he said somewhere around $72,000.
The really unfortunate thing is how many problems there are no matter how you slice the cake. Obviously, drilling for fossil fuels and the variety of environmental and economic issues that introduces have caused, and are causing, us (as humans) a fair bit of trouble. Growing material that can be turned into fuel alleviates some of those problems, but sends us down a whole 'nother rabbit hole, as I understand it. Hopefully, we can just learn - as a species - to use a whole lot less of whatever we end up using predominantly in the next few years.
I'm in west LA. A gallon of milk runs about 3.50 depending on where you are; I believe gas is closer to 4, but I forgot to check today. My scooter only takes a gallon at once as it is, and I drive it infrequently, favoring the bus. The poor things tags are expired at the moment, and it's languishing in the garage on an empty tank, it occurs to me... fortunately, I live next to the DMV, and if push came to shove I could walk it to the gas station a few blocks down XD That's how I got it home the first day from the home of the gentleman I purchased it from, because I was to chicken to want to ride it in traffic.
(no subject)
Date: 2008-04-28 01:20 am (UTC)I don't know how much a gallon of milk is, I don't buy milk.
(no subject)
Date: 2008-04-28 02:07 am (UTC)Bought a gallon of milk today... regular price $3.09. On sale this week for $2.50.
(no subject)
Date: 2008-04-28 02:14 am (UTC)Efficiency apartments float along, too, costing about 50 hours work, or currently about $370 a month. This would equate to about $740 for a one-bedroom (assuming two people are sharing). These are of course located in the less-desirable parts of town, because they're being shopped to people with minimum-wage jobs.
It really is fascinating how this floats along. It shows how really hard it is to make headway if you're down at the lowest pay scale: You have to move up the chart and earn multiples of minimum wage in order to impact your lifestyle.
(no subject)
Date: 2008-04-28 04:54 am (UTC)Milk? I honestly haven't the foggiest. I usually buy half-gallons when I bother, haven't bought one in weeks, and don't remember.
(no subject)
Date: 2008-04-28 12:27 pm (UTC)(no subject)
Date: 2008-04-28 09:08 pm (UTC)horizon organic (half gallon) is 3.60
(no subject)
Date: 2008-04-28 09:30 pm (UTC)(no subject)
Date: 2008-04-28 10:04 pm (UTC)That. Is. Incredible.
(no subject)
Date: 2008-04-29 05:02 am (UTC)(no subject)
Date: 2008-04-28 09:51 pm (UTC)Milk - $2.50
Yikes.
Date: 2008-04-29 04:02 am (UTC)I'm in Arlington, TX
(no subject)
Date: 2008-04-29 04:15 am (UTC)