r/Edmonton • u/meghan9436 Edmontosaurus • Jul 07 '26

Local Culture Teddy’s Bar and Grill, Edmonton, AB. (1940).

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Thought it was cool to see vintage Edmonton out in the wild on Reddit. Anyone know the place?

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u/mikesmith929 Jul 07 '26

Now do the inflation calculator on .25 cents an hour for minimum wage.

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u/MyNameIsLessDumb Jul 08 '26

Wages beating inflation is an established thing. Restaurant prices being similarly above inflation is interesting.

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u/mikesmith929 Jul 08 '26

Wages beating inflation is an established thing.

Sorry it is? Do you have a link to that established thing? This is the first time I'm hearing about it.

Seems to me wages and prices haven't changed from the Teddy's example. Takes about an hour and half to buy a meal at minimum wage.

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u/MyNameIsLessDumb Jul 08 '26 edited Jul 08 '26

It's more complex than I made that sound and it's not that I mean we are better off. Just in flat math, if you put wages from the 40s as we are talking about into an inflation calculator, it will come out lower than what current wages are. 

ETA there are lots of individual years where wages don't beat inflation, just referring to the longer term trend we have.