Wages and prices have not tracked for everything. The housing market is the prime example.
I started working in 1972 for the lordly wage of $1.15 per hour. That was the minimum wage back then but it certainly doesn’t seem like a lot of money now. After all, you can’t buy a cup of coffee for that price any more.
I could fill the tank for five bucks or about five hours of work. A litre of gas represented 1/10th of my hourly wage. Up until a few months ago, the price of a litre of gas in Prince George was less than 1/10th of the hourly minimum wage.
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