In 1966 (as a teen) I could buy 8 loaf’s of bread for 1 hour of labor.
Now I can buy 10 loaf’s for and hour of labor. Not much of an improvement in income
, I would think.
I could buy 7.15 gal of gas for an hour.
Now I can buy around 10 gal.
An oz. of Gold would be 17.5 hours of labor.
Now 22 hours. (going down hill—fast)
And just think, the coins were silver.
A new Chevy = around 1000 hours
Now still the same, 1000 hours.
A 12 oz. Coke from a vending machine =20 per hour
Now 50 per hour. Now, that’s an improvement.
And it’s said the quality of life is improving, Huh!
One of the reasons I chose my profession is those people of my profession were the ones driving Cadies and living in the big houses on the hill. Not any more. We’re considered lower middle class. Basically, we’re almost worthless. China
produces all the products now. I’m just slightly above minimun wage in relation to what I made as a teen. But at least I can get my fair share of Coke now.
And this is one reason why I'll be heading out. So my lifes labor will be worth a bit more.
As the old saying goes "The rich rule
over the poor, and the borrower is a servent to the lender". So, who does the US owe the most money???