Average boomer
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@mushroom_soup In 1963, minimum wage was $1.25/hr, or 5 silver quarters. Together these are about 0.9 Troy oz of silver, which today is about $83. Working full time at 2080 hours per year, that is $174000 per year. That is for a minimum wage job. Very insane system they have set up for us. Thank you friend.
elftummy
@bebe @mushroom_soup It's even worse when you compare it with gold prices
@bebe @mushroom_soup 1965 gold was $35/oz
$1.25 buys you 0.0357 oz
Now gold is $4642.50/oz
Multiplied by 0.0357 and that's about $165/hr today
That's over $330,000/yr
Minimum wage boomers could afford a house, two cars, a boat, and a secret family in another city, etc because they had the same purchasing power as the top 2% of Americans today despite working less than Americans do today
So next time a boomer plays the victim remember that they were given a world where a handshake got you a job so good they could live better than 98% of all Americans today... And they threw it away for....
>Checks notes
Cheap ethnic food and slave labor
$1.25 buys you 0.0357 oz
Now gold is $4642.50/oz
Multiplied by 0.0357 and that's about $165/hr today
That's over $330,000/yr
Minimum wage boomers could afford a house, two cars, a boat, and a secret family in another city, etc because they had the same purchasing power as the top 2% of Americans today despite working less than Americans do today
So next time a boomer plays the victim remember that they were given a world where a handshake got you a job so good they could live better than 98% of all Americans today... And they threw it away for....
>Checks notes
Cheap ethnic food and slave labor
@elftummy @bebe @mushroom_soup well yeah once you’ve made it how are you gonna survive paying everyone what you made, you’re just breeding your competition
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@sapphire @bebe @mushroom_soup Most boomers haven't "made it"
They're destitute a lot of them
They gave it away instead of building generational wealth
They're destitute a lot of them
They gave it away instead of building generational wealth