>>508741975An average house cost $3,900 in 1938.
Minimum wage was .25 dollars an hour.
https://www.businessinsider.com/the-cost-of-living-2014-10
So the cost of an average house was 15,600 hours of work. 3900 divided by .25 is 15,600.
Divide that by 40 (40 hours a week) and you get 390.
390 weeks is about 7.5 years.
So the minimum wage in 1938 was 1 house per 7.5 years.
Fast forward to 2025
Average house is $367,969
https://www.zillow.com/home-values/102001/united-states/
Minimum wage is (federally) $7.25.
367969 divided by 7.25 is about 52,000.
So, we would need about a $22 hour minimum wage to be on par with 1938. To get on par with the 80's, it would be much higher.
Thank you for taking the oligarch cock out of your mouth long enough to read this.
So the cost of an average house today is