On 10/2/2010 9:06 PM, John Smith wrote:
On 10/2/2010 5:32 PM, Nickname unavailable wrote:

...
who is ignoring that. wages have risen along with prices. gold goes
up in price, gold falls in price. suckers who bought gold in the early
80's, still have not recouped their losses. its a poor investment,
pays no dividends, makes no income, and is only valuable for
electronics and jewelery.


Regards,
JS


Wrong, again ... up until the 1960's, or around there, it was
universally known in America, the rule, "A fair days pay for a fair days
work." This is no longer so ...

Minimum wage, still in 1970, would buy you about 10 gallons of gas--it
was $1.65 p/hr; Gas is now 10x as much. A fair 1 bedroom apartment
would run you ~$80.00 a month--utilities included; Today, it would cost
you in excess of 10x as much. A nice new car would run you
$1,800-$2,000; Today, a car of "equal" value would be 10x as much.

The point to all the above? For minimum wage to have kept up with
inflation, minimum would have to be ~$16.50 p/hr.

Dial 1-800-Mexican Slave Labor....


Here is a hint, your house was $30,000 it went up to $180,000 it's now
$130,000


Government is killing the little guy.



Liberals want to help us all, right to the poor house.