### Food for thought. Or gas. Or something.

Jun. 3rd, 2008 04:16 amMinimum wage in 1998 | $5.15 |

Gasoline cost in 1998 | $1.24 |

Minutes:seconds worked per gallon gas in 1998 | 14:27 |

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Minimum wage in 2008 | $5.85 |

Gasoline cost in 2008 | $4.00 |

Minutes:seconds worked per gallon gas in 2008 | 41:02 |

Even though I make more than minimum wage, that kid working at McD's back in 1998 still has me beat on purchasing power*, as far as gasoline goes.

Thoughts? Anyone interested in the "bread and circuses" model that compares the cost of food and movie tickets? Or what would be the appropriate circus equivalent?

*If you would like to figure out your own costs, but are math-impaired, here's what I did:

Question: How long must you work at a certain wage to earn a gallon of gas at a certain cost?

This is only tricky because it involves minutes and seconds, which aren't regular decimal fractions of an hour.

Example:

Cost of gas divided by wages

1.24 / 5.15

answer: 0.24077...

x 60 to get minutes

answer: 14.44660...

14 is the minutes here (and the seconds are still after the decimal); write down 14 somewhere and subtract it.

answer: 0.44660 (same as above without the 14)

x 60 to get seconds

answer: 26.79611

26, rounded up to 27, is the seconds.

Answer: 14 minutes, 27 seconds at 5.15 an hour equals one gallon of gas at 1.24 a gallon.