Recently read a thread on the inflation adjusted value of $3.75hr(min wage), in 1972. They posted three means: silver, gold, and ‘shadow inflation’ (an early fed gov model). Had you bought silver at spot, today’s equivalent would be $33hr. An investment into gold would yield $66hr. And in pure speculative theory, according to the shadow index, that $3.75hr would be $102hr. $201/3 would make an average $67hr. Assuming a two-thousand hour work year, that’s an annual income of $134K. And this is based on minimum wage.
So, has labor become worth less over time, or has the dollar been devalued by the burrr of the privately run printing press? Alternative theories welcome. Short summation, from memory, to get electrons on the screen for a fist time post. Thank you NCrenegade and patrons.
The printing press killed us. They went off the gold standard so that they could print. Plain and simple. How else could they pay for the Globalist Empire? Our system seems to be built on debt. They have to always increase the debt or the system implodes. At some point, the system will implode any way, because the debt is too big to carry. That implosion date is quite near. Weird.
My first job in 1977 at minimum wage was $2.15 an hour.
Point taken, but some calcs are probably off.