Thread 514798159

The 1970 minimum wage today is:
$161.97
Source: The gold standard.
$1.60 per hour * ($3543.20 per ounce of gold/$35.00 per ounce of gold)

>>514798159 (OP)
not really a good example, it would depend on what that $1.60 could buy

>>514798248
In 1970 the minimum wage was $1.60 per hour, $64 per week or 1.82 oz of gold.
In order to have the same spending power in 2025 the minimum wage would have to be $160 per hour.

>>514798535
In 1970 FDR's executive order banning private ownership of gold was still in effect.

>>514798248
modern wage cannot buy you shelter and food

>>514798248
>it would depend on what that $1.60 could buy
I just gave you that calculation anon, in gold. Because the value of gold in 1970, under the gold standard, was $35 per ounce. It is therefore a very easy way to calculate the minimum wage of 1970 in today's dollars. Today, it requires over 100 times as many dollars to buy the exact same ounce of gold.

>>514798159 (OP)
Still doesn't compare to minimum wage in bitcoin from 2009 being the equivalent to over 1 billion dollars an hour today.

if you use 35/ounce you already lost
the real definition is 20/ounce

>>514798723
Ok....go to 1964 then faggot. 1.25$ an hour. Thats 1.25oz of silver. What is 1oz of silver today? 40$. Get fucked.

>>514798159 (OP)
going back to the gold standard helps the jews even more than you think. they have vaults of gold and can control the price to suit their current situation. they’ll pump gold and then use the gold to purchase productive real world assets like land and then dump the price of gold by wash trading it back and forth between it ther kikes, leaving them with the gold and the assets and you can hold the bag and give your gold back through taxes and rent and interest

>>514800519
In 1964 that same executive order was still in effect, since it was issued by FDR, who if you didn't know was long dead by then.

>>514801352
>Uses silver as metric instead of gold.
>Still brings up FDE

>>514798750
No, that's like valuing something in platinum or cobalt.

What did that $1.60 buy? In terms of housing, food, normal goods. It's high but not $160 high. Artificially constraining the economy to maintain stability of the currency would require mining too much gold. Doesn't make sense. Doesn't mean paying jews interest to issue bonds makes sense either desu.

>>514801335
They don't like hearing this. THEY have gold so it means they'll be better.

It's not happening regardless. It was completely nonsensical by the time the industrial revolution rolled around and makes even less sense with automation.

>>514798159 (OP)
yea its actually worse than that when you consider the vast majority of people back then were making much more than minimum wage. pic related