Agree that min wage was not $3.25.
Because gold and silver are money. $1usd was 0.715oz of silver, or every $1.40usd was 1oz silver.
1oz gold I believe was $35 at the time. They took money off the gold standard and stole our wealth from us through inflation.
Inflation has been around since human history began, regardless of monetary basis. It is a belief system. If people believe gold has value, then it does. People have used salt, drugs, animal pelts, prostitution, beads and trinkets, etc. No matter the basis, prices increase over time
Agree that min wage was not $3.25. Because gold and silver are money. $1usd was 0.715oz of silver, or every $1.40usd was 1oz silver. 1oz gold I believe was $35 at the time. They took money off the gold standard and stole our wealth from us through inflation.
Inflation has been around since human history began, regardless of monetary basis. It is a belief system. If people believe gold has value, then it does. People have used salt, drugs, animal pelts, prostitution, beads and trinkets, etc. No matter the basis, prices increase over time