In 1965, the minimum wage was $1.25, five silver quarters.
Today, just the melt value of five silver quarters is $27.
It's the same silver, just a different currency.
(I post this once in a while just to tick off the Fed fanboys.)
https://www.coinflation.com/silver_coin_values.html
https://m.primal.net/KKLQ.png
There are no Fed fanboys here.
There are a few, a very few, but... They've mostly run themselves into a very weird echo chamber that no one in their right mind would bother with. That's how they nostr. Good for them.
Oh wow. Surprising.
Yeah. I don't get it at all. But hey, they can go be off in weirdo land on their own.
Good to have you here Rudy, missed your posts! 👌
I've been following your work on X (twitter) for years. Best account there! I never felt comfortable engaging on that platform, but I do here. Thank you for your work and your world class sense of humor! Keep it up!
According to official inflation numbers, that 1.25 in 1965 would be 12.48 today.
The CPI is a lie and always has been. They aren't going to tell you the truth about how much they stole.
nostr:nevent1qqsge0qnqg5m7gu6snlqa6w4a75elrmy87lathxukqdy09l8m0kc4eqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygq6dc9wluwm57apy8a7kvalx93fq9y4muluknj2gppru8qsahcdegpsgqqqqqqst6vepd