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Proof of inflation: minimum wage increases
The federal minimum wage increases from $5.85 an hour to $6.55 per hour yesterday. This is the second of three scheduled minimum wage increases, with the final increase scheduled for July 24, 2009 when the minimum wage will rise to $7.25 per hour. This is over a 10% increase per year. If I’m getting an annual 5% increase, am I getting screwed? For detailed rates listed by state click here.
After 2 years of buying hero subs at my local Gregory’s House of Pizza(GHOP), the prices have finally gone up. I’ve been pretty lucky to be getting sandwiches at the price I was due to the rapid inflation in the economy. Their whole menu has increased prices by 25 cents. Not a huge amount but, it is noticeable. Has anyone else noticed any other increases besides, gas, and milk?
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sergik12
at 02:36pm on Jul 29, 2008
Just walk into any food store and look at the price of any product and it has gone up by at least 10%
pbucelwicz
at 02:41pm on Jul 29, 2008
The pop tarts I get went up from $0.85 to $0.99.
10%. Went right in line with minimum wage increases. So if that’s the case then it all evens out and it’s like no change for people making minumum wage.