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#TimePrice

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William Canna-bass<p>Whoa there @GeorgeWill, your <a href="https://kolektiva.social/tags/TimePrice" class="mention hashtag" rel="tag">#<span>TimePrice</span></a> calculations are wildly inaccurate. Who needs hammers and bikes when basic necessities are so pricy.<br />A weeks worth of food, 15 lbs of bacon in 1901 was $1.50, which using back calculations from the article would be roughly 12 hrs. (<a href="https://kolektiva.social/tags/Source" class="mention hashtag" rel="tag">#<span>Source</span></a> <a href="https://foodtimeline.org/cummings.pdf" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://</span><span class="">foodtimeline.org/cummings.pdf</span><span class="invisible"></span></a>)<br />Today&#39;s <a href="https://kolektiva.social/tags/TimePrice" class="mention hashtag" rel="tag">#<span>TimePrice</span></a> for the same amount of Bacon would be almost 16 hours at <a href="https://kolektiva.social/tags/FederalMinimumWage" class="mention hashtag" rel="tag">#<span>FederalMinimumWage</span></a>. (<a href="https://kolektiva.social/tags/Source" class="mention hashtag" rel="tag">#<span>Source</span></a> www.foodline.com Oscar Myer Bacon 1lb package $7.49)</p>
William Canna-bass<p>&quot;In 1902, a Sears Roebuck 53-cent hammer cost almost four hours of blue-collar work. Today, Home Depot’s basic hammer ($6.50) costs about 12 minutes of that work&quot; <br />Using the Federal <a href="https://kolektiva.social/tags/MinimumWage" class="mention hashtag" rel="tag">#<span>MinimumWage</span></a>, wouldn&#39;t the time price be 53 minutes at $7.25/hr, or if we consider a tipped worker, a time price of 3 hrs. and 3 minutes?<br /><a href="https://kolektiva.social/tags/TimePrice" class="mention hashtag" rel="tag">#<span>TimePrice</span></a> <a href="https://kolektiva.social/tags/WageTheft" class="mention hashtag" rel="tag">#<span>WageTheft</span></a> <a href="https://kolektiva.social/tags/WageSlavery" class="mention hashtag" rel="tag">#<span>WageSlavery</span></a> </p><p><a href="https://www.washingtonpost.com/opinions/2023/07/19/economic-measure-human-progress/" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">washingtonpost.com/opinions/20</span><span class="invisible">23/07/19/economic-measure-human-progress/</span></a></p>
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