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.
Money, especially fiat, has no intrinsic value. It's simply a measure.
Goods have intrinsic value that can go up and down. If IBM never took off, that stock would go down in value regardless of the economy as a whole. Further, there are objective factors that affect the value of goods.
When your measure of value changes, however, that affects everything. Further, the value of a unit of measurement is entirely synthetic; there is literally an external government organ who's entire purpose is to manipulate it.
So, even if minimum wage should be $50 today, that doesn't actually matter because the number is totally made up. The important part is what you can buy in exchange for what you actually produce, be it a good or labour. That has cratered, which is especially egregious because personal productivity is much higher today due to technogical innovations.
Tl;dr: the ruler is not the same as the thing you're measuring.
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.
Not my point, dipshit. Taking silver coins as the assessment of inflation is the fucking retarded take.
I'm thinking that you lesser Whites deserve what you get for your stupidity.
What are you even talking about?
Exuberantly retarded because other stocks have 1000xed since then so we could be getting even more money than OP's small dicked $200
Not the point, retard. Just what I grabbed to prove my point.
The point being that you have a brain tumor? Point proven.
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.
Dog getting your ass fucked by royals may pay dearly but at what cost?
It really doesn't.
Money, especially fiat, has no intrinsic value. It's simply a measure.
Goods have intrinsic value that can go up and down. If IBM never took off, that stock would go down in value regardless of the economy as a whole. Further, there are objective factors that affect the value of goods.
When your measure of value changes, however, that affects everything. Further, the value of a unit of measurement is entirely synthetic; there is literally an external government organ who's entire purpose is to manipulate it.
So, even if minimum wage should be $50 today, that doesn't actually matter because the number is totally made up. The important part is what you can buy in exchange for what you actually produce, be it a good or labour. That has cratered, which is especially egregious because personal productivity is much higher today due to technogical innovations.
Tl;dr: the ruler is not the same as the thing you're measuring.