OK, gas prices are rising once again. Well, back in 1964 gasoline was a quarter a gallon and a silver quarter was worth 25 cents in silver. If you sold it now at the coin shop you get $2.50 for it.
In fact, you can with a silver quarter still buy a gallon of gas. Back in approx 1964 my dad was a steel worker making $22/hour, but I do not know of any steel workers making $220/hour now. He bought a new car. It was $2200 then and you can get a new car for $22,000 now. He bought a house for $8,000 and you can still get a house for $80,000 now - not a very good one.
Well, you see, the problem is workers wages. My dad says the big boss was making $290,000 back then and many execs make 2.9 million now. However, execs now want to send all work to China and pay 50 cents an hour to workers so they can make even more money.
Monday, June 21, 2010
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