Let’s be liberal and go with California’s $20.00 minimum wage. Price of an average US home today is about $350,000. If a minimum wage worker lived with their parents and saved all their they could buy a house in about 9 years. The 1960’s version could do it in about 5 years.
The actual price of the average home in California is over $750,000.00
Real wages are up since the 1960s
Let’s be liberal and go with California’s $20.00 minimum wage. Price of an average US home today is about $350,000. If a minimum wage worker lived with their parents and saved all their they could buy a house in about 9 years. The 1960’s version could do it in about 5 years.
The actual price of the average home in California is over $750,000.00