41 Why do these "conservatives" pretend that this "Pull yourselves up by your bootstraps" rhetoric is a still valid political strategy? (twitter.com) posted 3 days ago by MrGiggles 3 days ago by MrGiggles +41 / -0 73 comments share 73 comments share save hide report block hide replies
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.
Retarded comment but the reason we must invest in assets in the first place is because of jewflation.
Exuberantly retarded because other stocks have 1000xed since then so we could be getting even more money than OP's small dicked $200
No it is not, dipshit. It is easy to relate money to any other good, which is what I did.
I am so fucking sick of retarded interdweebs, even on supposedly cool sites. You are a moron while I am rich. Just fuck off peasant.