 Hi, Whoopi. I'm Freddy. I run numbers on the Internet, and I've got to show you something. The minimum wage in 1980 was $3.10. It is now $7.25. The average salary was $12,500. It's now $59,000. And the median household income was $22,000, and now it's only $77,000 for a 3.5 times increase. However, rent was $243 on average. Now it is $1,900 for a 7.8 times increase. The median house price was $47,000. It is now $47,000.