> The problem with the “adjusted for inflation” argument is that it does not factor in buying power. The increase in wages has risen at out half the rate of inflation, so sure; $20 in 1975 would be $124 today, but the minimum wage in 1975 was $2.10 an hour as opposed to $7.25 today, giving you half the buying power you had 50 years ago.

Now do the same analysis but using median wage not minimum. YouTube comments are for entertainment purposes only.