this post was submitted on 17 May 2025
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It isn't. Not even close. This says $12 https://www.epi.org/blog/the-value-of-the-federal-minimum-wage-is-at-its-lowest-point-in-66-years/
That's just straight inflation, the meme is talking about housing inflation, which has been higher than monetary inflation.
the post isn't about just correcting the amount for inflation. it's saying this is what you need to match the percentage of the cost of buying a home at the time. the math could still be wrong but they're not talking about the same value.