Earlier quoted context omitted.
I think you could expand on this a bit, because I want to understand... I think I might be close...
In the 1970s/80s, an hour of minimum wage could afford you about 7 big macs. Now, it will not even buy you one. Real wages have dropped to an all time low, and it is harder than ever to account for yourself as a working class citizen. Circumstances for the average American have devolved to nightmarish levels, and it seems that it is only going to get worse. It has been said that inflation is not a bad thing because m…
The cost of a Big Mac in 1986 was $1.6 according to the Economist's Big Mac Index dataset[0]. The minimum wage in 1986 was $3.35[1] according to the US Department of Labor.
So you could afford at most two Big Macs in 1986, not seven. Also you can definitely afford one big mac with an hour of minimum wage today (minimum wage: $7.25, big mac: $5.36).
0 - https://github.com/TheEconomist/big-mac-data/blob/master/sou...
1 - https://www.dol.gov/agencies/whd/minimum-wage/history/chart