Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Hours to work (min. wage) to buy SS tool
1950 : 169.50 / 0.75 = 226 hours
1980 : 799.99 / 3.10 = 258 hours
2010 : 2999.99 / 7.25 = 413 hours*
(* To add insult to injury, modern production technology reduces the amount of labor, and yet it costs MORE to buy! )
Thanks to the democratic socialist system, and the never ending inflation of the money system, today's worker has to work twice as much to get what his poor ancestors bought.
You can NEVER get ahead of the inflationary curve in that system.
A small reminder and a nod to Congress for debasing the money supply. Great job!
So that other posters can judge the value of the website the OP has linked to... Another one of their "top stories" is about UFOs supposedly visit Earth and are secretly building underground tunnels on Earth to spy on humans. They claim to have found one such tunnel off the coast of Malibu.
I think it is fair to say that only true cretins would believe anything on that website.
jetgraphics -- You might also take into account the fact that a candy bar may have only cost a nickel...but it was *tiny*. And that loaf of bread was probably full of alum and/or other things you didn't really want to eat.
Hours to work (min. wage) to buy SS tool
1950 : 169.50 / 0.75 = 226 hours
1980 : 799.99 / 3.10 = 258 hours
2010 : 2999.99 / 7.25 = 413 hours*
(* To add insult to injury, modern production technology reduces the amount of labor, and yet it costs MORE to buy! )
Thanks to the democratic socialist system, and the never ending inflation of the money system, today's worker has to work twice as much to get what his poor ancestors bought.
You can NEVER get ahead of the inflationary curve in that system.
A small reminder and a nod to Congress for debasing the money supply. Great job!
Thank you for the kind words of support.
Since you have no facts in rebuttal, and resort to insults, that is evidence of capitulation.
Thank you, again.
Hours to work (min. wage) to buy SS tool
1950 : 169.50 / 0.75 = 226 hours
1980 : 799.99 / 3.10 = 258 hours
2010 : 2999.99 / 7.25 = 413 hours*
(* To add insult to injury, modern production technology reduces the amount of labor, and yet it costs MORE to buy! )
Thanks to the democratic socialist system, and the never ending inflation of the money system, today's worker has to work twice as much to get what his poor ancestors bought.
You can NEVER get ahead of the inflationary curve in that system.
A small reminder and a nod to Congress for debasing the money supply. Great job!
Thank you for posting this rock solid comparison. There is not a thing anyone can do to touch this. I've known what you are saying here to be true for a long time, but I've been too lazy to do any analysis as you've done here. Again, thank you.
Should point out that for certain hi-tech items, the trend is not so dramatic as here, but for everyday items it's nearly uniform in this trend.
Quote:
Originally Posted by Fancy-Schmancy
jetgraphics -- You might also take into account the fact that a candy bar may have only cost a nickel...but it was *tiny*. And that loaf of bread was probably full of alum and/or other things you didn't really want to eat.
Nice try.
If anything, that loaf of bread was far more wholesome in 1915, although it probably wouldn't have kept as long as our chemistry set bread today.
And as for Hershey bars... again, nice try. They were roughly the same size as they are today with a slight variation to slightly greater size and slightly smaller size over the years.
Here's one from 1928 to 1935 : 1 7/8 oz compared to today's 1.55 oz.
You've got to be kidding, chrisc. Using the minimum wage, which is far behind inflation, as a benchmark in analysing inflation, is ridiculous. Rock solid? Lmao.
Are those stock price gains in 2014 dollar bills or 2006 dollar bills or 1970 dollar bills?
The dollar bill values are continually dropping so it's hard to tell how much was lost in the "gain."
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
)
