 uh listen to these stats hi whoopi i'm freddie i run numbers on the internet and i gotta show you something the minimum wage in 1980 was three dollars and ten cents it is now seven dollars and 25 cents 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 dollars on average now it is 1900 for a 7.8 times increase the median house price was 47 000 it is now