Minimum wage math, and currency devaluation illustration video
In 1971 in the US, the median salary was $9050/year and gold was $42/oz (though illegal to own more than 5oz). That is 215 oz of gold per year as a MEDIAN salary. Today that would be a median salary of $387,000 per year. Using same math, the minimum wage then would be $77/hour.
— David Dunrud (@DDunrud) August 9, 2022
Yours truly,
GL
Nice video!