The money supply overall has been ruined due to inflation. 2% year over year invariably ends in hyperinflation, but the parasites don't care and would just jump ship when it collapses.
That's a fact, no matter how new or old the account. Everyone here knows it.
About 80% of all new small businesses are denied bank funding. Venture Capital controls most corporate board rooms every year, and the institutional "wall" keeping most businesses from competing in any industry of significance grows higher and higher each year. More and more capital is being concentrated at the top; inflation ensures anyone at the bottom of the ladder never has a chance, and the middle gets forced out or bought up by the top firms. Competition isn't possible, making all that "free market" bullshit a real riot. It's all due to jEWflation!
And that is why they took the silver out in 1964. In 1961, if you took that $1 and bought stock in IBM, it would be worth $200 today, so I guess we can say they were really making $200 an hour.
It wasn't, but even if it was, that still sounds about right: Labor, like any asset, is bound by supply and demand. They've made two-income-households the norm, which means wages can be halved, because the supply of workforce doubled. And it can go down even more, because they're importing more workers. So yes, had we kept the same society as back then, we WOULD be getting about 50/hour. But we didn't: We now have two-income-households as a norm, and import laborers by the millions. And that fucks the supply-demand curve.
Minimum wage in 1960 was equivalent to $50/hour. Things are expensive because wages have crashed.
The money supply overall has been ruined due to inflation. 2% year over year invariably ends in hyperinflation, but the parasites don't care and would just jump ship when it collapses.
2% is the government numbers after they cook the books. wait til you see the real rate of inflation
jEWflation
It's jEWflation!
That's a fact, no matter how new or old the account. Everyone here knows it.
About 80% of all new small businesses are denied bank funding. Venture Capital controls most corporate board rooms every year, and the institutional "wall" keeping most businesses from competing in any industry of significance grows higher and higher each year. More and more capital is being concentrated at the top; inflation ensures anyone at the bottom of the ladder never has a chance, and the middle gets forced out or bought up by the top firms. Competition isn't possible, making all that "free market" bullshit a real riot. It's all due to jEWflation!
Kikeflation
Minimum wage on 09/03/1961 increased to $1.15 (https://www.dol.gov/agencies/whd/minimum-wage/history/chart). According to https://www.bls.gov/data/inflation_calculator.htm, that comes to $13.15. Granted, I do not trust the government with regards to calculating inflation, but $50 today would be absurd.
Those quarters were made of silver. The melt value of 4 quarters is more than $50. I was lowballing it.
And that is why they took the silver out in 1964. In 1961, if you took that $1 and bought stock in IBM, it would be worth $200 today, so I guess we can say they were really making $200 an hour.
IBM isn't currency. Silver is.
This is a retarded comment.
It wasn't, but even if it was, that still sounds about right: Labor, like any asset, is bound by supply and demand. They've made two-income-households the norm, which means wages can be halved, because the supply of workforce doubled. And it can go down even more, because they're importing more workers. So yes, had we kept the same society as back then, we WOULD be getting about 50/hour. But we didn't: We now have two-income-households as a norm, and import laborers by the millions. And that fucks the supply-demand curve.
"wages have crashed" hey stop being waycist.