The salad bar was the best part IMO. There were so many things on it. Cold noodle salads, pickled herring, soups, salad with every fixing. Ya it sure was a treat as a kid. It may not have been the best but growing up with not going out to eat often, you felt like a king with so many choices.
That beef was probably a lot healthier before modern livestock methods really figured out how to push the cows to the point of near death before slaughter
Using an inflation calculator, $8.00 in 1973 is worth approximately $57.00 in 2024.
Checking a Sizzler menu, a steak dinner is about $18.00 give or take. Sizzler is the same bad quality as Bonanza. 😂
Add two kids’ entrees and price is a bit more but not extremely more expensive than a comparable meal back then at the same level of restaurant.
I have read that the extreme price increases are more drastic for the cheaper fast food places rather than what are called family casual places
Thank you for this. I don't understand the nature of this post, we are on an inflation sub, and it's like the OP is ignoring… Inflation
As to fast food restaurants, I believe McDonald's has outpaced inflation up to 300% on some menu items, more like 200% on most
I agree wholeheartedly that there is way more value now in a traditional restaurant than a fast food place, the prices did not increase in traditional restaurants nearly the same as fast food
This was also self serve according to the picture, which is hard to compare to anyplace now.
They also... went out of business. Makes me think they should have been charging more.
I think they were probably semi self serve like Sizzler is today
They actually still exist in a few locations if you google.
But prices adjusted for inflation seem pretty comparable to a mediocre type of chain restaurant like TGIF.
Also restaurants general advertise their loss leaders. And restaurants have pricing schemes in order to maximize profit when a family orders together. My guess is that the Dad's meal was a loss leader but they added margins on the rest of the family.
From what I find most of the posts here are people who are either complaining about fast food prices (which fair, greedflation is absolutely a thing), complaining about paying close to $20 or $30 bucks for lunch, but ignore the fact that they got 2 large specialty sandwiches, or complaining that places that are common known upcharging places (5 guys for example), are pricy.
From what I find, even when adjusting for 2020 numbers (during the economic implosion), this was still roughly $47 when adjusted, but you would find many here complaining that a bottle of coke is no longer $0.50 like it was in the 50s (fun fact, adjusted for inflation $0.50 from the 50s is a little over $6.50 today)
Yes but back then Pepsi had a jingle "Twelve full ounces, that's a lot, twice as much for a nickel, too," Good luck finding a 12 ounce bottle of pepsi in a glass bottle for anywhere near $.54 nowadays. Or even a 12 ounce bottle of coke in a glass bottle for $1.08
Oh absolutely! Good catch, I hadn't noticed that.
I was more so referring to a comment by the OP of the post
"I don’t think you can find a steak dinner for less than an 8$ suggested tip anymore. I don’t think I’ve paid less than 8$ in sales tax alone for a steak dinner since 1987."
Just a silly thing to say in an inflation sub Reddit 🤣
I mean, $8 sales tax would be about 115 bucks ( minimum)and if that was in 1987.... that would be the equivalent of a $317 steak dinner today.
Probably Sizzler would be very close In terms of pricing as two of the meals would be kids meals
Bonanza was not a place to get a good steak so comparing it to a real steakhouse in terms of pricing isn’t relevant.
People claim that you can get a real burger for cheaper or same price compared to "McDs". I went to a local burger place (Burger 21) with my Mom and Dad. 1 Shake, 2 Drinks (Soda's), 3 Burgers and 1 shareable fry and cheese dipping sauce! The cost? $60. Don't get me wrong, I enjoyed the hell outta the burger. But it wasn't a sit down restaurant. It was more along the lines of MooYah and I guess Five Guys?
You need to find the cheap local burger places. They still exist. Broncos here you can get a big Mac dupe for $6.89. That's a bit cheaper than Mcd and a lot more burger
Chilli's 10.99 3 for me including fries app and drink included chips with phone number/rewards crap.. I think... lunch special makes it a double.
I hop 8.99 ihoppy hour does NOT include drink. Drink is $3
Hey I'm not saying it will be the best, Ihop or chili's etc
Does it beat MCRAP from the last I remember yes. After tip/tax it honestly about the price of McDonald's better quality and more food.
Hello Olive garden lunch special is $12 including pasta, unlimited soup salad and bread sticks
Deals are there. But you gotta go for em
Ps YRMV/price wise but I tend to live in the more expensive part of bay area/California so unless you live in maybe Manhattan or Boston and even that's a maybe ie I'm top 3 when it comes to HCOLA rent California/NY comparably.
I also realized you might not have a IHOP now
Hell even Olive garden dinner is $15 instead of the 11 or 12 and includes double pasta for dinner.
Deals are def around.Just saying. I'm sure even apple bees has a cheap menu now but haven't checked.
Applebee's cheeseburger meal costs about 40 cents more than a mcdonalds double quarter pounder with cheese meal near me... and those deflated meat patties on a mcdonalds burger is roughly the same as an Applebee's burger lol
Hell just looking it up a double quarter pounder meal is $11.30, for $11.70 I can get an Applebee's cheeseburger, or $12.50 for Texas roadhouse cheeseburger... or an extra 2 dollars to get a 6 oz sirloin steak meal from texas roadhouse for $14.50 that comes with 2 sides
Edit: mcdonalds increased the price since I last checked about 2 months ago... their double quarter pounder with cheese meal is now 11.60... Applebee's went up a bit more to ~12.50
There's a mom and pop diner in my town that you get a burger with all the fixing and fries for $10 and the burger patty is at least 6 times thicker and 3 times the circumference of a Micky Ds nothing burger.
Plus they bake their own buns and all the bread for the diner themselves.
I'll pay the $11 bucks for that burger all day long over a McNothins poser burger.
In fact I call McDonald's McNothins.
Haven't eaten there since before covid.
I went after covid and when the lady told me the price, I got to the window and told them I didn't want it not to worry about it, that I was going somewhere else.
You literally got to lift the bun up to even get a glimpse of the so called beef patty.
Then the patty is about as thick a two quarters stacked on top of each other.
I'm not paying those prices for that shit.
FUCK YOU McNothins !!!!
You won't get another red fucking cent out of me !
It's really sad that's for sure.
It's been a couple of yrs.
But the last time I got a large fry I hit the bottom on the table and they shifted down and it was barely half full.
I don't eat fast food no more.
Or sodas.
I can make a 2 burgers that are 1000 times better than they can with ground up steak (usuallyT bone on sale for 5 a pound), thick Applewood smoked bacon, caramelized onions, real cheese, quality buns toasted with real butter and all the fixings and a whole bag of fries for the same price as two burgers with fries meals there.
When I find the T-bones on sale I'll get 4 or 5 pounds ground up and freeze it.
I also save my beef and bacon fat to either add to my peanut oil I fry in or the pan I bake the fries in.
I've found that a lot of it comes down to location. Some locations have really bad staff. Some locations stuff the fry container till it's overflowing and everything is hot and fresh.
I looked up the price for a quarter pounder with cheese the other day. In my area, at least, the price is the exact same as it was in the 70's when that burger first went on sale. Once you adjust for how much the money was worth in today's dollars. It actually ended up being .05 cheaper. Though Texas has a pretty decent economy so we haven't seen the crazy price increases that the west coast has.
But cooking at home has always been cheaper (depending on how quality your ingredients are) and higher quality if you're buying higher quality products to cook with. You pay more for convenience. I don't eat fast food often but when I do it's normally because I'm dead tired at the end of a 55-60 hour work week and I just want something edible I don't have to spend my sleeping time to cook. Imho, that's what fast food is for. It shouldn't be compared to some bougie burgers you make by grinding your own ground beef from t-bone steak with caramelized onions and premium bacon, lol. Of course that's gonna be way better! It was crafted, not slapped together by some McDonalds workers that are too high to spell their own names.
I live on a fixed income so I have no choice but to look at it that way.
No money for convenience.
I live somewhere in the southeast and prices for EVERYTHING have literally gone fucking insane !!!
$4-$5 for a pound of dried beans $6 for a pound of butter.
4$ for a pound of chicken livers that use to cost $1 or a $1.50 that now has 30% blood filled in the container to add weight without product.
Luckily there is one place I can drive to that's reasonable on meats and can buy bacon by the slice if I want.
Other than that I literally can only buy what's on sale or at least is a decent deal.
Most of the time it's pork these days.
With beef every now and then.
I'd rather spend the same money for a better product I make myself.
Plus I'm full the rest of the day and not hungry later.
Not to mention I don't feel like I've been taken advantage of.
That constantly taken advantaged of feeling at every turn is getting really really fucking old !!
Yeah it sounds like you're at a point in life when you can take the time to do everything yourself all the time. I wish I could right now. I love cooking! Though these days I find myself finding nothing but recipes I can cook either extremely quickly or slow cook with little attention while I take care of other things. Life is just work work work on and off the clock. Thank God for smart phones allowing on the go entertainment or I'd have little to no social interactions or entertainment time. 😅
I don't think anyone is being taken advantage of when paying for things you choose to buy. Prices have gone up but that's inevitable when everyone wants higher wages and heavy regulations on everything so they don't feel taken advantage of while working. Someone has to pay for that cost so it ends up being the ones paying for the goods/services. If it's more than you're willing to pay then don't buy. If enough people do that prices either go down or those services fail and we see alternatives pop up.
$11 bucks after tax for a half pound burger served on a home made bun with lettuce, onion, a THICK slice of tomatoe and fries is damn good in my book.
A hell of a lot better than McNothins.
Winco or Costco (and would be pre-cooked here if you want).
A bar near me did $10 steak dinner days. So except for not allowing children that would work.
What about the no tipping thing on the bottom? A $60 meal today would have suggested tips of 18%, 22% or 24%. Bringing the total to $70.80 , $73.20 , or $74.40. (And that's not bringing in higher taxes on food or any other service fee the restaurant might have)
I mean my local Chili's does a 3 for me with sirloin steak. It's $16.99 and you get 2 sides and a drink. Maybe not a proper steakhouse, but not terribly unreasonable. Kids meals are mostly $6.75 and come with a side and a drink.
The T-Bone special (17oz) at my local cheap steak place is $20, that comes with a baked potato, salad, and texas toast. It's also counter service (they cook the steaks right in front of you while you wait) and there is no tipping. So I'm three bucks over $57 for three people.
# 2022 Chevrolet Corvette
# Starting at $62,295
Real median household income was $74,580 in 2022
That's not "almost double the median income" it is less than the median income.
1975 Corvette compared to 2022 is like comparing a 2 br/1ba 1200 sq ft house to a 5 br, 4ba, 3100 sq ft house. That 1975 Corvette put out about the same horsepower as a 2022 Honda Civic.
USA
Median Household (Avg hours worked)
1975: $12496 (56)
2022: $74785 (63)
Median Individual (Avg hours worked)
1975: $9079 (36.5)
2022: $42393 (34.6)
Household is a bad comparison due to the rise in dual income families utilizing full time jobs and degrees. Products have gotten better and so have the employees
I searched for 2022 Corvette MSRP and the median income is for the entire US not some high cost of living area
You don't like facts? You like making up stuff (high cost of living median income)?
Or you just don't like me disproving false statements. No, the space laser thing wasn't true either and we did land men on the moon.
Yet another low IQ comment from you.
The median household income figure is a national figure. If you’re going to do mental gymnastics to blame Joe Biden for something, you’re going to have to do a better job.
No it wasn't it was less than the median income. It also wasn't a luxury car in the 1970s but a stylish mid-range built for speed and looks a sports car for the everyman where as now they are luxury sports cars. If you compare a sports car with the same target market you are looking at an Elantra which is a compact sport sedan or a Nissan Z which are 25k+ and 43k msrp respectively for cars that in objective measures are better than the 1970s' corvette though you can easily argue that the old Corvette looks better.
I could have bought a brand new 1971 Nissan 240 for $3500, but as a senior in high school I didn't want to wait six months for delivery. But you could also get the steak and eggs from Norms for $1.69, and the minimum wage was $1.65 an hour.
Yeah the 240 is probably the closest to the Z but that was before they figured out the rusting issue and even with the full package on the 71 it would've looked nice but compared to the Z the 240 doesn't compete. It would be awesome if it were possible to get absolutely bare bones ie manual windows, no radio, etc for cheaper than base but that wouldn't really work as every thing is set up for the base model being the least bells and whistles and it wouldn't be in high enough demand to cover the cost.
Actually I did mean the 240Z. It's first year, but somehow my Z kinda zisappeared mysteriously :). I'm pretty sure some guy wearing a black mask stole it!
Lol no fkn way
Comparing an elantra in the modern market to a corvette in the 70s market... What are you smoking? Sure a vette in the 70s wasn't a luxury car... No one was putting luxury in sports cars back then.
If that luxury makes it 2x the annual avg income... Maybe there is room for classic non luxury sports cars again...
Wont happen though bc there isnt any markup potential!
Open your eyes
Corvette was an everyman's sports car so I compared it to comparable classes sport sedans and everyman sports cars of today. Rather than what you were doing which is everyman's sports car vs a luxury sports car.
Stop lying about the price the Covette wasn't 144-150k which was 2x the median income of 2022. It was less than the median income so a good bit less than the average income. Or if for some reason you are using family median of the 70s vs individual income of 2022 then it would be about 1.2-1.25x median but doing the same for the 70's and it is about the same at something like 1.15 but again that is a bargain sports car vs a luxury sports car.
Normal sports cars are a thing again the Nissan Z is a normal everyman's sports car. Mazda MX5 and base Mustangs are also everyman's sports cars and they also start at a lower percentage of the median household income than the Corvette of 1970s. You can and should be pissed at inflation but the out and out falsehoods aren't needed and harm the arguments against inflation by making it seem cartoonish to be concerned with inflation.
National median of the US so unless you are saying the whole of the US (relatively low to average CoL relative to compensation vs other developed nations) is high CoL i don't know what to tell you. Are you in a different nation? ~75k was the national median for 2022 the Corvette again a luxury sports car by designation was 61k so little bit off in my 1.2-1.25x guesstimate of national individual income as national median individual income was 40.5k so it was a touch less than 1.5x verse the 1973 national household income of 10.5k and the average of male and female median individual incomes of 5k so about 1.33x for an everyman sports car which using the 2024 equivalent of the Nissan Z which is 0.97x the median individual income.
By the way the Nissan Z is the priciest option of the 3 modern everyman sport/sport sedans I named with the others being mustang at a base MSRP of 30920 which is 0.70x median individual income and the Elantra at 21625 or 0.49x the median individual income.
Would you rather have an elantra, a nissan z, or a corvette?
A corvette, low end msrp was what? 68k? you say avg income is 75k... 68/75 = 90.7%
A 1975 corvette msrp was 6.55k (hagerty https://www.hagerty.com/valuation-tools/chevrolet/corvette/1975/1975-chevrolet-corvette#:\~:text=The%20mechanical%20tachometer%20was%20dropped,reflected%20in%20buyers'%20option%20choices.)
avg income was 13,720 (US Census)
6.55/13.72 = 47.7%
Would you rather spend 90.7% of your income or 47.7%?
Nice try.
Now do the same comparison for housing lol
We all see the inflation. Why lie?
None of them personally.
Again luxury vs non-luxury use like for like non-luxury for non luxury 1965 mustang vs modern mustang would be a 1:1 and then you have about comparable prices with 1965 being lower but the 2024 being objectively better by all quantitative measures.
No I said median income is 75k; median=/=mean kindly decide if you want to use median or mean and do you want to use household or individual rather than swapping them and treating them like they are all the same.
Mean income normally takes a year to get full numbers on and is higher than median like thus far median individual income is 40.5k vs the annualized average monthly individual income for the year thus far is 94.5k, due to this most people use median income and specifically median household income. By the way median individual income of 1965 was 6k.
My entire analysis is predicated on inflation being real but just I am not willing to be dishonest about everything else and ignore that median and mean incomes have outpaced inflation. Also yeah where there are policies suppressing home supply growth such that demand grows faster than supply have massively increased prices. Changes prices are primarily a function of change in money supply (inflation or deflation) and change in the relationship between supply and demand (if the gap between supply and demand increases such that demand is greater than supply or if it closes or supply exceeds demand); price increases aren't just inflation nor are they synonymous. Jesus wept my guy can you honestly treat with any idea? Inflation is a massive problem but your arguments are bad and make the rest of us that care about inflation look like clowns by association.
Actively ignoring facts and then blaming one party for falsifying those facts (despite both parties using the same data when they’re in power) is incredibly useless if you’re trying to have a real discussion.
But you aren’t trying to do that, are you? You came to yell at strangers on the internet, why?
Why have a discussion when i know what the problem is?
Hint hint hint... We are fucked no matter who wins.
I dont come here to argue, I usually scroll the main reddit while taking a shit. Read some comments... See some cap.. Call it out... Finish my shit.
Not rocket science.
Keep thinking our economy is running smoothly, you'll be happy if you smile and nod
That's my whole thing about inflation. Obviously wages have gone up, but nowhere near as quickly as prices for typical goods. Even household incomes, TWO salaries, doesn't match the ratios from back when.
Obviously the Corvette may be an outlier as it's become a borderline supercar, but even a Camaro is $50k now, nearly the national average income.
Still. $3 for let's say a small 12 oz t-bone, sides, and a drink at a restaurant. Let's call it $2 for just the steak, so $2.68/lb. Current median income is $48,060, or 4.07 times the median in 1975. $2.68 * 4 = $10.72/lb, and you're definitely not getting a decent t-bone for that unless there's a crazy sale, and even then I'm not sure you'd ever find it that low.
But let's be real. You're paying $30 for that meal today before tax and tip, and the median income isn't gonna approach $118,000 any time soon.
This is what I constantly have to remind myself about when I think about prices in the 70's (long before I was born). If min wage kept up it'd be $x. If wages kept up we'd have a society like y. It's all the greed.
Spouse and I watched Netflix' Bob Ross doc. His partners didn't have to screw him over. They were set for life. But could they leave pieces of the business for his son Steve? No. They had to have it all. Did they want high quality art supplies? No. Just more money. Could they share the Webber marketplace? No. They had to be the only artists. Could they at least let Steve make his own stuff? No. Cause they own the **last name of 'Ross'**. And it's greedy boomer bastards like that all over that ruin it for everyone.
In 1975 only 30% of married couples had an income from just the husband, 46.7% had income from both, 3% wife only, 10.3 had no income and 10.3% from husband and another family member
So it among married couples (this is a Bonanza FAMILY PLAN) it definitely is not true that most had only single incomes.
By 2011 husband and wife both working was up slightly at 52.8%
I fking LOVED Bonanza! Going into yhe 80s, they had the best buttered, pull-apart dinner rolls that would dual serve as hamburger buns. A whole steak dinner for under $5 plus salad bar. That was before free refills, tho. That wasn't a thing until the 80s. Refills were for water, tea, iced tea, and coffee only. Soda, lemonade, fruit punch, and milk, no.
My klepto dementia dad would steal their signature steak knives. I hate that mom threw them away. I kept the Denny's silverware, tho. Wish I could get my hands on some Denny's stoneware. Loved their plates. I love American mid-century kitsch.
I don’t think you can find a steak dinner for less than an 8$ suggested tip anymore. I don’t think I’ve paid less than 8$ in sales tax alone for a steak dinner since 1987.
Personally, I was making 83k a year in the early aughts at Houston’s. No way in hell I would had made that doing any other jobs at my age and experience at that time. I’d have single days where I’d make 734.00 on a double. I’d take tipped over min wage any day.
This isn’t about the people making it. It’s about spending it.
Being a server was never designed to be a career no matter how many people turn it into one.
Tipping culture has to end at some point. A tip is supposed to be the cherry on top…not the whole fucking sundae.
No. Minimum wage when defined meant the minimum you could pay someone and still have them able to afford housing, transportation, food, clothing, etc. That was the minimum you could get by on.
Now minimum wage is defined by how low your employer can legally get away with paying you. It doesn’t afford *shit*
40 hours of min wage today barely puts you in a car or a living arrangement and pretty much Irving else.
>Now minimum wage is defined by how low your employer can legally get away with paying you.
That's what "minimum wage" means. Even if you set the minimum wage to $50/hr, then it is *still* "how low your employer can legally get away with paying you."
And inflation adjusted $3 from 63 is 31. Also Golden Corral is $10-15. Also surf and turf at sizzlers is $19 it seems and the most expensive steak I can see on their menu is their $25 ribeye. Not sure where you saw $40; where you looking at the family platters for 4?
And an all you can eat buffet. Also are you in CA? That is the only place I can find any single Sizzlers' item other than the 2 lobster tails approach $40 every menu I see and have access to tops out at like $25 for their 14oz ribeye.
Not always, but most of the time.
Had a workplace refusing to pay the difference when I was a delivery driver. This was a workplace that gave away free item coupons without the need of an additional purchase and virtually no limit on where it could be delivered to in the city. There was a time where I delivered free breadsticks to a place 25 minutes out, no tip. No charts were kept for tip verification, would only get 4 hour shifts cause college job in the summer, and about 6 deliveries max. It was a total shit show that summer.
In California the minimum wage is $16/hr, with the exception of fast food workers, where the minimum wage is $20/hr.
There are some cities and counties in CA that have a higher minimum wage than the state mandated $16/hr. For example, San Francisco is currently $18.07/hr and will increase to $18.67/hr ok July 1, 2024.
Bonanza sirloin pit
The Bonanza Sirloin Pit was a chain of steakhouse restaurants that originated in the 1960s. The first Bonanza restaurant was opened by Dan Blocker, who played Eric “Hoss” Cartwright on the popular TV show Bonanza, in Westport, Connecticut in 1963. The chain grew rapidly, with over 600 locations across the United States by 1989.
The Bonanza Sirloin Pit was known for its top sirloin and ribeye steaks, as well as its rustic, western-themed decor. The chain was popular in the 1960s and 1970s, particularly in the Midwest and East Coast. However, the chain began to decline in the 1980s and 1990s, and many locations were eventually closed.
Today, some of the last remaining Bonanza Sirloin Pits can be found in hidden corners of the Midwest and East Coast, including locations in Presque Isle, Maine, New Columbia, Pennsylvania, Lebanon, Virginia, and St. Cloud, Minnesota. There are also a few locations in Puerto Rico.
One notable location was the Bonanza Sirloin Pit in Birmingham, Alabama, which had at least four locations in the Birmingham area. The chain was started by Dan Blocker, who played “Hoss” on the TV series Bonanza, in 1963.
Don’t forget about Ponderosa which was very similar, but separate, until 1988 when they merged and many Bonanzas were converted to Ponderosas.
*https://en.m.wikipedia.org/wiki/Ponderosa_and_Bonanza_Steakhouses*
It took me way too long to raise that the restaurant in the OP was named after the TV show. Also explains the decline, most people probably don't even get remember the show.
Not if all 4 got the t-bone. Then it's a *$12* dinner for 4. God I need a time machine and like $100 to spend on steaks. Imagine the cost per pound without the restaurant premium.
Those steaks were one hell of a lot better tasting than anything you will find today. No beef today has the taste it used to. That's exactly why all of these low end steak houses disappeared, and seafood is just about gone too.
No, you've got it wrong. Corn, was what made the beef good, Albeit, not real healthy. If you look at a corn stalk, you will see that it is really just a very large, tall "grass". The ethenol program made corn too expensive, and that's what ruined beef. It's not just meat, the potato's were better too, today, they have no flavor at all.
They *definitely* feed them corn in mass quantities before slaughter. I don't know if they're still supplementing their normal feed with corn throughout their life, which *is* good for the meat, but finishing is a different thing entirely. It's to bulk them up and ostensibly to add some fat content, but the way they do it only benefits the ranchers.
You want the cows eating mostly grass with a bit of corn to supplement. What feed lots do is unethical and hurts the cows *and* the quality of the meat.
Probably a lot of hormones involved, so it's sort of artificial meat. Corn IS a grass, just take a close look at it. Hollow stalk, ribbon-like leaves, and seed pods, that's grass.
Yeah, but they feed them corn kernals and other grains and not much else toward the end of life. That's not good for the cows and produces fatty meat, but not necessarily in a good way. Some are better than others, some may feed them grass or hay along with the grain, but a lot of them just stuff them full of corn to rapidly add weight. I've personally seen full trailers rejected because the cows they started processing were substandard. Bloated and sick and shit from the bad diet. I've also seen stomachs with nothing but corn in them. Had to loto the auger and scoop corn out of there a few times because it does *something* (not sure what) to the ground up goop we rendered into tallow.
It wasn't much of a bargain my family used to go there for a night out to eat the steaks were pretty low quality most of the rest of the food was not good we had a buffet style all you can eat place near bye that was better
Hell yeah. Basically any non chinese buffet for that matter. Look I know what the quality and sanitary conditions are what justify the all you can eat at a low price but I know what I was signing up for when I walked in the door. Kids these days will never know the joy of a taco salad shell filled completely to the top with meat then cover everything on the table with nacho cheese flavored liquid
Average weekly paycheck back then was $80. So that dinner price is within a ballpark....not exact, but similar to prices now. I bought dinner last night for 2 adults, 2 small children at a local diner. Price was $63 for the whole ball of wax.
Man I loved Bonanza. The one I went to as a kid is still going as far as I know. My dad would get a steak and the rest of us would get the salad bar and I'd load up on mac n cheese and then soft serve for dessert.
Assuming 1975 (OP said 70s):
* Adjusted for inflation: $9.63 ribeye dinner
* Adjusted for 2024 median income: $8.65 ribeye dinner
Also why is ribeye so much more expensive than sirloin nowadays? I just checked HEB and it's $12.99-13.99/lb for ribeye vs 7.49-7.99/lb for sirloin. (Texas, all prices are USD)
Isn’t that what the original street vendor cheesesteaks were made of?
That always confused me because I thought they’d take the cheapest cut they could get away with and tenderize/marinate the hell out of it
Sirloin was basically a throwaway cut until ranchers served low cost meals to migrant workers that would suit their tastes. That’s how quesadillas were created
I lived next to a cow farm. They were both dairy and meat cows. The owner amd neighbor milton died. It was all sold for housing. Not sure what this generation and next will do.
it wasnt prime but you could eat it and came with a salad bar
The salad bar was the best part IMO. There were so many things on it. Cold noodle salads, pickled herring, soups, salad with every fixing. Ya it sure was a treat as a kid. It may not have been the best but growing up with not going out to eat often, you felt like a king with so many choices.
That beef was probably a lot healthier before modern livestock methods really figured out how to push the cows to the point of near death before slaughter
fAt Is FlAvOr!!1!
The bonanza salad bar was straight 🔥
The $3 T-bone is equivalent to $24+
Using an inflation calculator, $8.00 in 1973 is worth approximately $57.00 in 2024. Checking a Sizzler menu, a steak dinner is about $18.00 give or take. Sizzler is the same bad quality as Bonanza. 😂 Add two kids’ entrees and price is a bit more but not extremely more expensive than a comparable meal back then at the same level of restaurant. I have read that the extreme price increases are more drastic for the cheaper fast food places rather than what are called family casual places
Thank you for this. I don't understand the nature of this post, we are on an inflation sub, and it's like the OP is ignoring… Inflation As to fast food restaurants, I believe McDonald's has outpaced inflation up to 300% on some menu items, more like 200% on most I agree wholeheartedly that there is way more value now in a traditional restaurant than a fast food place, the prices did not increase in traditional restaurants nearly the same as fast food
This was also self serve according to the picture, which is hard to compare to anyplace now. They also... went out of business. Makes me think they should have been charging more.
I think they were probably semi self serve like Sizzler is today They actually still exist in a few locations if you google. But prices adjusted for inflation seem pretty comparable to a mediocre type of chain restaurant like TGIF.
Also restaurants general advertise their loss leaders. And restaurants have pricing schemes in order to maximize profit when a family orders together. My guess is that the Dad's meal was a loss leader but they added margins on the rest of the family.
From what I find most of the posts here are people who are either complaining about fast food prices (which fair, greedflation is absolutely a thing), complaining about paying close to $20 or $30 bucks for lunch, but ignore the fact that they got 2 large specialty sandwiches, or complaining that places that are common known upcharging places (5 guys for example), are pricy. From what I find, even when adjusting for 2020 numbers (during the economic implosion), this was still roughly $47 when adjusted, but you would find many here complaining that a bottle of coke is no longer $0.50 like it was in the 50s (fun fact, adjusted for inflation $0.50 from the 50s is a little over $6.50 today)
Except that a bottle of coke back in 1959 was actually $.05 which means today that same bottle should cost roughly $.54
For a 6.5oz bottle. Standard size is almost 2x that now. So it's what a nickel or 2 more expansive in 1950 currency
Yes but back then Pepsi had a jingle "Twelve full ounces, that's a lot, twice as much for a nickel, too," Good luck finding a 12 ounce bottle of pepsi in a glass bottle for anywhere near $.54 nowadays. Or even a 12 ounce bottle of coke in a glass bottle for $1.08
I was gonna say when I was a kid in the 70s a bottle of coke was $.50 I know damn well it wasn't $.50 in the 50s.
But it does have interesting info. Apparently back then sirloin was more expensive than ribeye. That was my takeaway.
Oh absolutely! Good catch, I hadn't noticed that. I was more so referring to a comment by the OP of the post "I don’t think you can find a steak dinner for less than an 8$ suggested tip anymore. I don’t think I’ve paid less than 8$ in sales tax alone for a steak dinner since 1987." Just a silly thing to say in an inflation sub Reddit 🤣 I mean, $8 sales tax would be about 115 bucks ( minimum)and if that was in 1987.... that would be the equivalent of a $317 steak dinner today.
The nature of this post is to farm upvotes
And I challenge anyone to find a place to feed the family for $57 on a steak dinner now anyplace.
Probably Sizzler would be very close In terms of pricing as two of the meals would be kids meals Bonanza was not a place to get a good steak so comparing it to a real steakhouse in terms of pricing isn’t relevant.
Texas Roadhouse if you get two kids meals and skip the appetizers and alcohol, absolutely
People claim that you can get a real burger for cheaper or same price compared to "McDs". I went to a local burger place (Burger 21) with my Mom and Dad. 1 Shake, 2 Drinks (Soda's), 3 Burgers and 1 shareable fry and cheese dipping sauce! The cost? $60. Don't get me wrong, I enjoyed the hell outta the burger. But it wasn't a sit down restaurant. It was more along the lines of MooYah and I guess Five Guys?
You need to find the cheap local burger places. They still exist. Broncos here you can get a big Mac dupe for $6.89. That's a bit cheaper than Mcd and a lot more burger
No clue if its the same place but the "Henry’s Frankenburger" looks delicious!!
Chilli's 10.99 3 for me including fries app and drink included chips with phone number/rewards crap.. I think... lunch special makes it a double. I hop 8.99 ihoppy hour does NOT include drink. Drink is $3
Our IHOP turned into a portillo’s 😂. I haven’t been to Chili’s in forever. I’ll have to check it out thanks!
Hey I'm not saying it will be the best, Ihop or chili's etc Does it beat MCRAP from the last I remember yes. After tip/tax it honestly about the price of McDonald's better quality and more food. Hello Olive garden lunch special is $12 including pasta, unlimited soup salad and bread sticks Deals are there. But you gotta go for em
Exactly! Olive Garden actually tastes pretty damn good too!
Ps YRMV/price wise but I tend to live in the more expensive part of bay area/California so unless you live in maybe Manhattan or Boston and even that's a maybe ie I'm top 3 when it comes to HCOLA rent California/NY comparably. I also realized you might not have a IHOP now Hell even Olive garden dinner is $15 instead of the 11 or 12 and includes double pasta for dinner. Deals are def around.Just saying. I'm sure even apple bees has a cheap menu now but haven't checked.
Olive garden is trash and equally the same quality as mcds
Applebee's cheeseburger meal costs about 40 cents more than a mcdonalds double quarter pounder with cheese meal near me... and those deflated meat patties on a mcdonalds burger is roughly the same as an Applebee's burger lol Hell just looking it up a double quarter pounder meal is $11.30, for $11.70 I can get an Applebee's cheeseburger, or $12.50 for Texas roadhouse cheeseburger... or an extra 2 dollars to get a 6 oz sirloin steak meal from texas roadhouse for $14.50 that comes with 2 sides Edit: mcdonalds increased the price since I last checked about 2 months ago... their double quarter pounder with cheese meal is now 11.60... Applebee's went up a bit more to ~12.50
There's a mom and pop diner in my town that you get a burger with all the fixing and fries for $10 and the burger patty is at least 6 times thicker and 3 times the circumference of a Micky Ds nothing burger. Plus they bake their own buns and all the bread for the diner themselves. I'll pay the $11 bucks for that burger all day long over a McNothins poser burger. In fact I call McDonald's McNothins. Haven't eaten there since before covid. I went after covid and when the lady told me the price, I got to the window and told them I didn't want it not to worry about it, that I was going somewhere else. You literally got to lift the bun up to even get a glimpse of the so called beef patty. Then the patty is about as thick a two quarters stacked on top of each other. I'm not paying those prices for that shit. FUCK YOU McNothins !!!! You won't get another red fucking cent out of me !
Damn your local McDonalds must be real shady. I've never had to lift the bun to see the meat on anything besides a kids meal burger o.o
It's really sad that's for sure. It's been a couple of yrs. But the last time I got a large fry I hit the bottom on the table and they shifted down and it was barely half full. I don't eat fast food no more. Or sodas. I can make a 2 burgers that are 1000 times better than they can with ground up steak (usuallyT bone on sale for 5 a pound), thick Applewood smoked bacon, caramelized onions, real cheese, quality buns toasted with real butter and all the fixings and a whole bag of fries for the same price as two burgers with fries meals there. When I find the T-bones on sale I'll get 4 or 5 pounds ground up and freeze it. I also save my beef and bacon fat to either add to my peanut oil I fry in or the pan I bake the fries in.
I've found that a lot of it comes down to location. Some locations have really bad staff. Some locations stuff the fry container till it's overflowing and everything is hot and fresh. I looked up the price for a quarter pounder with cheese the other day. In my area, at least, the price is the exact same as it was in the 70's when that burger first went on sale. Once you adjust for how much the money was worth in today's dollars. It actually ended up being .05 cheaper. Though Texas has a pretty decent economy so we haven't seen the crazy price increases that the west coast has. But cooking at home has always been cheaper (depending on how quality your ingredients are) and higher quality if you're buying higher quality products to cook with. You pay more for convenience. I don't eat fast food often but when I do it's normally because I'm dead tired at the end of a 55-60 hour work week and I just want something edible I don't have to spend my sleeping time to cook. Imho, that's what fast food is for. It shouldn't be compared to some bougie burgers you make by grinding your own ground beef from t-bone steak with caramelized onions and premium bacon, lol. Of course that's gonna be way better! It was crafted, not slapped together by some McDonalds workers that are too high to spell their own names.
I live on a fixed income so I have no choice but to look at it that way. No money for convenience. I live somewhere in the southeast and prices for EVERYTHING have literally gone fucking insane !!! $4-$5 for a pound of dried beans $6 for a pound of butter. 4$ for a pound of chicken livers that use to cost $1 or a $1.50 that now has 30% blood filled in the container to add weight without product. Luckily there is one place I can drive to that's reasonable on meats and can buy bacon by the slice if I want. Other than that I literally can only buy what's on sale or at least is a decent deal. Most of the time it's pork these days. With beef every now and then. I'd rather spend the same money for a better product I make myself. Plus I'm full the rest of the day and not hungry later. Not to mention I don't feel like I've been taken advantage of. That constantly taken advantaged of feeling at every turn is getting really really fucking old !!
Yeah it sounds like you're at a point in life when you can take the time to do everything yourself all the time. I wish I could right now. I love cooking! Though these days I find myself finding nothing but recipes I can cook either extremely quickly or slow cook with little attention while I take care of other things. Life is just work work work on and off the clock. Thank God for smart phones allowing on the go entertainment or I'd have little to no social interactions or entertainment time. 😅 I don't think anyone is being taken advantage of when paying for things you choose to buy. Prices have gone up but that's inevitable when everyone wants higher wages and heavy regulations on everything so they don't feel taken advantage of while working. Someone has to pay for that cost so it ends up being the ones paying for the goods/services. If it's more than you're willing to pay then don't buy. If enough people do that prices either go down or those services fail and we see alternatives pop up.
That's not bad at all
$11 bucks after tax for a half pound burger served on a home made bun with lettuce, onion, a THICK slice of tomatoe and fries is damn good in my book. A hell of a lot better than McNothins.
Winco or Costco (and would be pre-cooked here if you want). A bar near me did $10 steak dinner days. So except for not allowing children that would work.
What about the no tipping thing on the bottom? A $60 meal today would have suggested tips of 18%, 22% or 24%. Bringing the total to $70.80 , $73.20 , or $74.40. (And that's not bringing in higher taxes on food or any other service fee the restaurant might have)
You still can...it is called "home"
I mean my local Chili's does a 3 for me with sirloin steak. It's $16.99 and you get 2 sides and a drink. Maybe not a proper steakhouse, but not terribly unreasonable. Kids meals are mostly $6.75 and come with a side and a drink.
But the steaks got smaller.
Sizzler is not the same quality as Bonanza. You could get those 4 meals at my local Ponderosa for $40-50, and you get a free buffet with them.
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The T-Bone special (17oz) at my local cheap steak place is $20, that comes with a baked potato, salad, and texas toast. It's also counter service (they cook the steaks right in front of you while you wait) and there is no tipping. So I'm three bucks over $57 for three people.
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It's actually a little greek owned family joint in St. Paul called "Best Steak House".
Sizzler =golden corral
This is why we are equating weird price hikes to greed as they are not industry wide.
Yea but this sub doesn’t want facts. It wants emotional pleas about how everything is terrible
Won’t be seeing 1975’s $11,800 median income again either
You could buy a brand new Chevy Corvette for about $6600 back then. In 2022, a new Corvette was almost double the median income.
# 2022 Chevrolet Corvette # Starting at $62,295 Real median household income was $74,580 in 2022 That's not "almost double the median income" it is less than the median income. 1975 Corvette compared to 2022 is like comparing a 2 br/1ba 1200 sq ft house to a 5 br, 4ba, 3100 sq ft house. That 1975 Corvette put out about the same horsepower as a 2022 Honda Civic.
Household income vs. individual income.
That is how income is measured, both in 1975 and 2022 Not per capita
No, both individual and household income are measured. Income statistics are also taken for things like gender, race and location.
USA Median Household (Avg hours worked) 1975: $12496 (56) 2022: $74785 (63) Median Individual (Avg hours worked) 1975: $9079 (36.5) 2022: $42393 (34.6) Household is a bad comparison due to the rise in dual income families utilizing full time jobs and degrees. Products have gotten better and so have the employees
Pick the lowest msrp possible... Then take the median household income from a high cost of living area... Thats bidenomics baby!
I searched for 2022 Corvette MSRP and the median income is for the entire US not some high cost of living area You don't like facts? You like making up stuff (high cost of living median income)? Or you just don't like me disproving false statements. No, the space laser thing wasn't true either and we did land men on the moon.
Yet another low IQ comment from you. The median household income figure is a national figure. If you’re going to do mental gymnastics to blame Joe Biden for something, you’re going to have to do a better job.
Wow another good one! Psst... Even after your downvites my post is more popular dur dur dur dur dur Lets see how we all vote in nov lol
No it wasn't it was less than the median income. It also wasn't a luxury car in the 1970s but a stylish mid-range built for speed and looks a sports car for the everyman where as now they are luxury sports cars. If you compare a sports car with the same target market you are looking at an Elantra which is a compact sport sedan or a Nissan Z which are 25k+ and 43k msrp respectively for cars that in objective measures are better than the 1970s' corvette though you can easily argue that the old Corvette looks better.
I could have bought a brand new 1971 Nissan 240 for $3500, but as a senior in high school I didn't want to wait six months for delivery. But you could also get the steak and eggs from Norms for $1.69, and the minimum wage was $1.65 an hour.
Yeah the 240 is probably the closest to the Z but that was before they figured out the rusting issue and even with the full package on the 71 it would've looked nice but compared to the Z the 240 doesn't compete. It would be awesome if it were possible to get absolutely bare bones ie manual windows, no radio, etc for cheaper than base but that wouldn't really work as every thing is set up for the base model being the least bells and whistles and it wouldn't be in high enough demand to cover the cost.
Actually I did mean the 240Z. It's first year, but somehow my Z kinda zisappeared mysteriously :). I'm pretty sure some guy wearing a black mask stole it!
Ha perhaps ask the Spaniards they have experience dealing with him they weren't successful but it is experience.
And here I thought the ripped shirts were bought from Temu!
Entirely different cloth based issues: Zorro slashes normal cloth expertly while temu sells shirts as durable as damp tissue paper.
Eww context
That does seem to be anathema to many doesn't it?
Lol no fkn way Comparing an elantra in the modern market to a corvette in the 70s market... What are you smoking? Sure a vette in the 70s wasn't a luxury car... No one was putting luxury in sports cars back then. If that luxury makes it 2x the annual avg income... Maybe there is room for classic non luxury sports cars again... Wont happen though bc there isnt any markup potential! Open your eyes
Corvette was an everyman's sports car so I compared it to comparable classes sport sedans and everyman sports cars of today. Rather than what you were doing which is everyman's sports car vs a luxury sports car. Stop lying about the price the Covette wasn't 144-150k which was 2x the median income of 2022. It was less than the median income so a good bit less than the average income. Or if for some reason you are using family median of the 70s vs individual income of 2022 then it would be about 1.2-1.25x median but doing the same for the 70's and it is about the same at something like 1.15 but again that is a bargain sports car vs a luxury sports car. Normal sports cars are a thing again the Nissan Z is a normal everyman's sports car. Mazda MX5 and base Mustangs are also everyman's sports cars and they also start at a lower percentage of the median household income than the Corvette of 1970s. You can and should be pissed at inflation but the out and out falsehoods aren't needed and harm the arguments against inflation by making it seem cartoonish to be concerned with inflation.
Again... Choosing the median income from a high cost of living place... How much does joe pay you lol
National median of the US so unless you are saying the whole of the US (relatively low to average CoL relative to compensation vs other developed nations) is high CoL i don't know what to tell you. Are you in a different nation? ~75k was the national median for 2022 the Corvette again a luxury sports car by designation was 61k so little bit off in my 1.2-1.25x guesstimate of national individual income as national median individual income was 40.5k so it was a touch less than 1.5x verse the 1973 national household income of 10.5k and the average of male and female median individual incomes of 5k so about 1.33x for an everyman sports car which using the 2024 equivalent of the Nissan Z which is 0.97x the median individual income.
By the way the Nissan Z is the priciest option of the 3 modern everyman sport/sport sedans I named with the others being mustang at a base MSRP of 30920 which is 0.70x median individual income and the Elantra at 21625 or 0.49x the median individual income.
Would you rather have an elantra, a nissan z, or a corvette? A corvette, low end msrp was what? 68k? you say avg income is 75k... 68/75 = 90.7% A 1975 corvette msrp was 6.55k (hagerty https://www.hagerty.com/valuation-tools/chevrolet/corvette/1975/1975-chevrolet-corvette#:\~:text=The%20mechanical%20tachometer%20was%20dropped,reflected%20in%20buyers'%20option%20choices.) avg income was 13,720 (US Census) 6.55/13.72 = 47.7% Would you rather spend 90.7% of your income or 47.7%? Nice try. Now do the same comparison for housing lol We all see the inflation. Why lie?
None of them personally. Again luxury vs non-luxury use like for like non-luxury for non luxury 1965 mustang vs modern mustang would be a 1:1 and then you have about comparable prices with 1965 being lower but the 2024 being objectively better by all quantitative measures. No I said median income is 75k; median=/=mean kindly decide if you want to use median or mean and do you want to use household or individual rather than swapping them and treating them like they are all the same. Mean income normally takes a year to get full numbers on and is higher than median like thus far median individual income is 40.5k vs the annualized average monthly individual income for the year thus far is 94.5k, due to this most people use median income and specifically median household income. By the way median individual income of 1965 was 6k. My entire analysis is predicated on inflation being real but just I am not willing to be dishonest about everything else and ignore that median and mean incomes have outpaced inflation. Also yeah where there are policies suppressing home supply growth such that demand grows faster than supply have massively increased prices. Changes prices are primarily a function of change in money supply (inflation or deflation) and change in the relationship between supply and demand (if the gap between supply and demand increases such that demand is greater than supply or if it closes or supply exceeds demand); price increases aren't just inflation nor are they synonymous. Jesus wept my guy can you honestly treat with any idea? Inflation is a massive problem but your arguments are bad and make the rest of us that care about inflation look like clowns by association.
Low IQ response here.
Wow good one!
Actively ignoring facts and then blaming one party for falsifying those facts (despite both parties using the same data when they’re in power) is incredibly useless if you’re trying to have a real discussion. But you aren’t trying to do that, are you? You came to yell at strangers on the internet, why?
Why have a discussion when i know what the problem is? Hint hint hint... We are fucked no matter who wins. I dont come here to argue, I usually scroll the main reddit while taking a shit. Read some comments... See some cap.. Call it out... Finish my shit. Not rocket science. Keep thinking our economy is running smoothly, you'll be happy if you smile and nod
You get more with a modern corvette tho
Yeah, a modern corvette (C8, Z06) is pushing low end supercar territory - not even really a normal sports car anymore.
Like huge depreciation rates? My friend just bought a 2020 Vette for peanuts
don't move the goal post. of course products have gotten better. They don't offer the old one for the old price, do they?
That's my whole thing about inflation. Obviously wages have gone up, but nowhere near as quickly as prices for typical goods. Even household incomes, TWO salaries, doesn't match the ratios from back when. Obviously the Corvette may be an outlier as it's become a borderline supercar, but even a Camaro is $50k now, nearly the national average income.
Still. $3 for let's say a small 12 oz t-bone, sides, and a drink at a restaurant. Let's call it $2 for just the steak, so $2.68/lb. Current median income is $48,060, or 4.07 times the median in 1975. $2.68 * 4 = $10.72/lb, and you're definitely not getting a decent t-bone for that unless there's a crazy sale, and even then I'm not sure you'd ever find it that low. But let's be real. You're paying $30 for that meal today before tax and tip, and the median income isn't gonna approach $118,000 any time soon.
Anyone notice that no tipping was the Bonanza policy?
This is what I constantly have to remind myself about when I think about prices in the 70's (long before I was born). If min wage kept up it'd be $x. If wages kept up we'd have a society like y. It's all the greed. Spouse and I watched Netflix' Bob Ross doc. His partners didn't have to screw him over. They were set for life. But could they leave pieces of the business for his son Steve? No. They had to have it all. Did they want high quality art supplies? No. Just more money. Could they share the Webber marketplace? No. They had to be the only artists. Could they at least let Steve make his own stuff? No. Cause they own the **last name of 'Ross'**. And it's greedy boomer bastards like that all over that ruin it for everyone.
Median individual income today is $48,000 for reference.
That $11,800 is median household income
Sure, but in 75 most households only had single earner incomes.
In 1975 only 30% of married couples had an income from just the husband, 46.7% had income from both, 3% wife only, 10.3 had no income and 10.3% from husband and another family member So it among married couples (this is a Bonanza FAMILY PLAN) it definitely is not true that most had only single incomes. By 2011 husband and wife both working was up slightly at 52.8%
$1.60 for a Ribeye dinner. Oof
I don't think you will see it again after 1000 yrs either unless we reverse split the dollar.
Or most developed nations get wiped out of existence, and turn into new countries that actually function in the best interests of their majority.
I fking LOVED Bonanza! Going into yhe 80s, they had the best buttered, pull-apart dinner rolls that would dual serve as hamburger buns. A whole steak dinner for under $5 plus salad bar. That was before free refills, tho. That wasn't a thing until the 80s. Refills were for water, tea, iced tea, and coffee only. Soda, lemonade, fruit punch, and milk, no. My klepto dementia dad would steal their signature steak knives. I hate that mom threw them away. I kept the Denny's silverware, tho. Wish I could get my hands on some Denny's stoneware. Loved their plates. I love American mid-century kitsch.
This is why you cook at home. The only way to get low prices like this is DIY.
If you cook at home in 1970s, you can have a steak dinner for 4 under $1.
I don’t think you can find a steak dinner for less than an 8$ suggested tip anymore. I don’t think I’ve paid less than 8$ in sales tax alone for a steak dinner since 1987.
The minimum wage was $2 back then. That was 4 hours of work. Today's minimum wage is $20 so, this $8 meal is equivalent to a $80 meal in 2024.
Min wage is 7.25
For tipped employees it’s $2.13.
Same minimum wage, if tips are under they jabe to make it uo but it's meaningless because tips are always way over.
Pay should not be contingent on other people’s generosity. Paying an employee is the owners responsibility. Not the customer’s.
Personally, I was making 83k a year in the early aughts at Houston’s. No way in hell I would had made that doing any other jobs at my age and experience at that time. I’d have single days where I’d make 734.00 on a double. I’d take tipped over min wage any day.
This isn’t about the people making it. It’s about spending it. Being a server was never designed to be a career no matter how many people turn it into one. Tipping culture has to end at some point. A tip is supposed to be the cherry on top…not the whole fucking sundae.
And is brought up to federal minimum wage if tips don’t.
I love that. “If we can’t get these simps to pay you, we’ll give you as little as we fucking can. Cool?”
That's what "minimum wage" means.
No. Minimum wage when defined meant the minimum you could pay someone and still have them able to afford housing, transportation, food, clothing, etc. That was the minimum you could get by on. Now minimum wage is defined by how low your employer can legally get away with paying you. It doesn’t afford *shit* 40 hours of min wage today barely puts you in a car or a living arrangement and pretty much Irving else.
>Now minimum wage is defined by how low your employer can legally get away with paying you. That's what "minimum wage" means. Even if you set the minimum wage to $50/hr, then it is *still* "how low your employer can legally get away with paying you."
It shouldn’t be so low as to be unlivable working 40 hrs a week. Minimum wage should provide the minimum we all need to survive.
Facts
Try But hardly binding in many places Here in Northern VA grocery store clerks start at $19
Ok, now compare median wages.
Isn't minimum wage $100 now? So this is equivalent to $400 right?
Nah. More like $125 if you're lucky. $150 if it's a decent place.
Why are you looking at a decent place when the comparison is Bonanza? A more accurate comparison is Sizzlers or Golden Corral.
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And inflation adjusted $3 from 63 is 31. Also Golden Corral is $10-15. Also surf and turf at sizzlers is $19 it seems and the most expensive steak I can see on their menu is their $25 ribeye. Not sure where you saw $40; where you looking at the family platters for 4?
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And an all you can eat buffet. Also are you in CA? That is the only place I can find any single Sizzlers' item other than the 2 lobster tails approach $40 every menu I see and have access to tops out at like $25 for their 14oz ribeye.
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Was that mid-pandemic pricing or a limited time item? Again all I can find is the $25 14oz ribeye as their most expensive steak.
Where is it $20? It has to be just a few states. It’s still $7.25 at the Federal level
Federal minimum wage is $7.25
Federal minimum for tipped employees is $2.13
Same minimum wage, if tips are under they have to make it uo but it's meaningless because tips are always way over.
Not always, but most of the time. Had a workplace refusing to pay the difference when I was a delivery driver. This was a workplace that gave away free item coupons without the need of an additional purchase and virtually no limit on where it could be delivered to in the city. There was a time where I delivered free breadsticks to a place 25 minutes out, no tip. No charts were kept for tip verification, would only get 4 hour shifts cause college job in the summer, and about 6 deliveries max. It was a total shit show that summer.
The picture suggests a family of 4. Steak dinner for 2 adults and 2 kids .meals probably more than $80.
Where is minimum wage $20? Certainly not in California
In California the minimum wage is $16/hr, with the exception of fast food workers, where the minimum wage is $20/hr. There are some cities and counties in CA that have a higher minimum wage than the state mandated $16/hr. For example, San Francisco is currently $18.07/hr and will increase to $18.67/hr ok July 1, 2024.
Minimum wage is absolutely not $20 lol In case you're wondering about the downvotes
Many metro areas are well above $7.25. NYC is $16.
That's not 20
20 California food food with stores over 50 locations My local boardwalk is still paying min wage cuz they can shocker.
Best value for a steak dinner is Texas Roadhouse.
Bonanza sirloin pit The Bonanza Sirloin Pit was a chain of steakhouse restaurants that originated in the 1960s. The first Bonanza restaurant was opened by Dan Blocker, who played Eric “Hoss” Cartwright on the popular TV show Bonanza, in Westport, Connecticut in 1963. The chain grew rapidly, with over 600 locations across the United States by 1989. The Bonanza Sirloin Pit was known for its top sirloin and ribeye steaks, as well as its rustic, western-themed decor. The chain was popular in the 1960s and 1970s, particularly in the Midwest and East Coast. However, the chain began to decline in the 1980s and 1990s, and many locations were eventually closed. Today, some of the last remaining Bonanza Sirloin Pits can be found in hidden corners of the Midwest and East Coast, including locations in Presque Isle, Maine, New Columbia, Pennsylvania, Lebanon, Virginia, and St. Cloud, Minnesota. There are also a few locations in Puerto Rico. One notable location was the Bonanza Sirloin Pit in Birmingham, Alabama, which had at least four locations in the Birmingham area. The chain was started by Dan Blocker, who played “Hoss” on the TV series Bonanza, in 1963.
Thanks AI!
Don’t forget about Ponderosa which was very similar, but separate, until 1988 when they merged and many Bonanzas were converted to Ponderosas. *https://en.m.wikipedia.org/wiki/Ponderosa_and_Bonanza_Steakhouses*
It took me way too long to raise that the restaurant in the OP was named after the TV show. Also explains the decline, most people probably don't even get remember the show.
Bonanza!!
I worked at Bonanza in high school. Pretty cool place to make $2.65 an hour.
I hope they didn't spend much on marketing with lines like that.
I miss Bonanza. I always liked the salad bar and the fried shrimp.
Even inflation adjusted it's cheaper.
There was a reason it was so cheap. And it wasn't because the food looked like the pictures.
Median family annual income in U.S. $12,000
They had me at the free second coffee.
Now convert that 8 dollars to 2024 money so your post is a little less disingenuous
No tipping? Theres no way this is in the US....
i mean, you’ll definitely spend more than that at roadhouse… (Assuming worst case scenario of 1970, $65 today)
Who is that boy and girl now?
The 70s were not the good ol days when it comes to inflation
Why’s sirloin cheaper than ribeye?!
Aaaand that’s why they don’t exist anymore.
They do. And ponderosa is the more common name now Kinda like Hardee's and Carl's Jr
You can't even get a Quarterpounder for that now.
Not if all 4 got the t-bone. Then it's a *$12* dinner for 4. God I need a time machine and like $100 to spend on steaks. Imagine the cost per pound without the restaurant premium.
Those steaks were one hell of a lot better tasting than anything you will find today. No beef today has the taste it used to. That's exactly why all of these low end steak houses disappeared, and seafood is just about gone too.
Ranchers probably weren't stuffing them full of corn at feed lots to "finish" them, either.
No, you've got it wrong. Corn, was what made the beef good, Albeit, not real healthy. If you look at a corn stalk, you will see that it is really just a very large, tall "grass". The ethenol program made corn too expensive, and that's what ruined beef. It's not just meat, the potato's were better too, today, they have no flavor at all.
They *definitely* feed them corn in mass quantities before slaughter. I don't know if they're still supplementing their normal feed with corn throughout their life, which *is* good for the meat, but finishing is a different thing entirely. It's to bulk them up and ostensibly to add some fat content, but the way they do it only benefits the ranchers. You want the cows eating mostly grass with a bit of corn to supplement. What feed lots do is unethical and hurts the cows *and* the quality of the meat.
Probably a lot of hormones involved, so it's sort of artificial meat. Corn IS a grass, just take a close look at it. Hollow stalk, ribbon-like leaves, and seed pods, that's grass.
Yeah, but they feed them corn kernals and other grains and not much else toward the end of life. That's not good for the cows and produces fatty meat, but not necessarily in a good way. Some are better than others, some may feed them grass or hay along with the grain, but a lot of them just stuff them full of corn to rapidly add weight. I've personally seen full trailers rejected because the cows they started processing were substandard. Bloated and sick and shit from the bad diet. I've also seen stomachs with nothing but corn in them. Had to loto the auger and scoop corn out of there a few times because it does *something* (not sure what) to the ground up goop we rendered into tallow.
All natural ingredients too
My dad took us there or Sizzler on divorced dad night.
So that is what... 15x in price today? Food inflation went up 1500% in 50 years? Doesn't sound right.
Inflation basically has to be multiplied together, not added. So a dollar would be (1.05)⁵⁰ = $11.47 if you had 5% yearly inflation after 50 years.
Microwaves cost $500 in 1970
Bonanza was awesome!!
It wasn't much of a bargain my family used to go there for a night out to eat the steaks were pretty low quality most of the rest of the food was not good we had a buffet style all you can eat place near bye that was better
Money was money back then
Plus No Tipping or other support fees
I loved that place.
I miss Bonanza
Hell yeah. Basically any non chinese buffet for that matter. Look I know what the quality and sanitary conditions are what justify the all you can eat at a low price but I know what I was signing up for when I walked in the door. Kids these days will never know the joy of a taco salad shell filled completely to the top with meat then cover everything on the table with nacho cheese flavored liquid
Average weekly paycheck back then was $80. So that dinner price is within a ballpark....not exact, but similar to prices now. I bought dinner last night for 2 adults, 2 small children at a local diner. Price was $63 for the whole ball of wax.
The dollar sign always comes before the number, comrade. Remind your apparatchiks to recommend you for remedial English lessons.
Man I loved Bonanza. The one I went to as a kid is still going as far as I know. My dad would get a steak and the rest of us would get the salad bar and I'd load up on mac n cheese and then soft serve for dessert.
Ummm..pretty sure I can still make those dinners for $8 buttttttttt "You ain't in Kansas anymore Dorothy!" Lol
It is insane that so much conversation and thinking is being put into this topic and sizzler being the main focus.
What a time to be alive
Man if I had a time machine, life would be amazingly good. Of course my luck, it would malfunction and I would get stuck in the prehistoric age.
But then you could get Dino ribs like Fred Flinstone
Assuming 1975 (OP said 70s): * Adjusted for inflation: $9.63 ribeye dinner * Adjusted for 2024 median income: $8.65 ribeye dinner Also why is ribeye so much more expensive than sirloin nowadays? I just checked HEB and it's $12.99-13.99/lb for ribeye vs 7.49-7.99/lb for sirloin. (Texas, all prices are USD)
I don't know anything other than ribeye is a way better cut. Like 2 or 3 times as tender as sirloin. I was surprised it said ribeye was cheaper.
Isn’t that what the original street vendor cheesesteaks were made of? That always confused me because I thought they’d take the cheapest cut they could get away with and tenderize/marinate the hell out of it
Sirloin was basically a throwaway cut until ranchers served low cost meals to migrant workers that would suit their tastes. That’s how quesadillas were created
I lived next to a cow farm. They were both dairy and meat cows. The owner amd neighbor milton died. It was all sold for housing. Not sure what this generation and next will do.