➡️ They haven’t raised the federal minimum wage of $7.25 since 2009. 1lb of 80/20 Ground beef was an average of $2.85/lb in 2009. In 2009 you could buy ~2.5lbs of ground beef for one hour of work. Now you can’t buy even a pound.
Economist say that in 2026 an average minimum living wage estimate (to cover basic living costs) is about $17.55/hr in rural areas and $24.10/hr in non-rural areas.
Side note:
1. He used to do the grocery shopping but we have “switched” jobs/responsibilities and I’ve done it solely over the last year
2. We get a half a cow so we buy in bulk. I was also shocked at the sticker price of ground beef.
#minimumwage #economics #workersrights #fairplay #politics
@jeppers128
It's shocking to realize how much the federal minimum wage has fallen behind the real cost of living, especially in terms of food prices like ground beef. From personal experience, switching grocery shopping responsibilities made me notice how much prices have skyrocketed in recent years. For example, back in 2009, you could buy roughly 2.5 pounds of 80/20 ground beef with just one hour of minimum wage work, but now, even a single pound exceeds that hourly wage. Buying in bulk, such as getting a half cow, has become a necessity for many families to manage grocery expenses, but it also highlights how expensive meat prices have become at retail stores like Kroger, pushing prices close to $7.49 per pound for ground beef. This sharp increase, combined with the federal minimum wage being stuck at $7.25 for over a decade, forces many workers into difficult financial decisions. Economist projections for 2026 suggest that a living wage to cover basic costs will be around $17.55/hr in rural areas and $24.10/hr in urban or non-rural areas. This discrepancy shows a growing gap between what people earn and what they need to afford everyday essentials, including groceries. It’s clear that without wage increases reflecting inflation and rising food prices, minimum wage workers are losing purchasing power. From a practical standpoint, tracking grocery prices regularly can reveal these shifts firsthand. For many working families, the current federal minimum wage doesn't just feel inadequate—it makes simple necessities like meat unaffordable on a single hour of work. This issue goes beyond economics; it touches on fairness and workers' rights, making it a critical topic for policy discussions and personal financial planning alike.
