/biz/ - Business & Finance

1925 dollar pegged at $20.75/ounce.
median salary ~$3000 (pic related)
3000/20 = 150 ounces ($186,000 in 2016) ($225,000 today ($1500/ounce))

2016 dollar between $1130 and $1350 / ounce.
median salary $31,099 (https://en.wikipedia.org/wiki/Personal_income_in_the_United_States))
31000/1240 = 25 ounces ($518.75 in 1925)

>when the 2016 median wage is the 1st percentile 1925 wage
>dude just wageslave for 50 years lmao

1925 dollar pegged at $20.75/ounce.
median salary ~$3000 (pic related)
3000/20 = 150 ounces ($186,000 in 2016) ($225,000 today ($1500/ounce))

2016 dollar between $1130 and $1350 / ounce.
median salary $31,099 (https://en.wikipedia.org/wiki/Personal_income_in_the_United_States))
31000/1240 = 25 ounces ($518.75 in 1925)

>when the 2016 median wage is the 1st percentile 1925 wage
>dude just wageslave for 50 years lmao

it does not matter whether your society can harvest the energy output of galaxies or has just invented the steam engine; you cannot accumulate wealth when you define value relative to increases in the collective economic output.

1925 dollar pegged at $20.75/ounce.
median salary ~$3000 (pic related)
3000/20 = 150 ounces ($186,000 in 2016) ($225,000 today ($1500/ounce))

2016 dollar between $1130 and $1350 / ounce.
median salary $31,099 (https://en.wikipedia.org/wiki/Personal_income_in_the_United_States))
31000/1240 = 25 ounces ($518.75 in 1925)

>when the 2016 median wage is the 1st percentile 1925 wage
>dude just wageslave for 50 years lmao

1925 dollar pegged at $20.75/ounce.
median salary ~$3000 (pic related)
3000/20 = 150 ounces ($186,000 in 2016) ($225,000 today ($1500/ounce))

2016 dollar between $1130 and $1350 / ounce.
median salary $31,099 (https://en.wikipedia.org/wiki/Personal_income_in_the_United_States))
31000/1240 = 25 ounces ($518.75 in 1925)

>when the 2016 median wage is the 1st percentile 1925 wage

>dude just wageslave for 50 years lmao

anecdotes about muh first job are useless
the income distribution of the US has been decimated by 100 years Keynesian monetary policy which is its purpose (makes you do more for less)

1925 dollar pegged at $20.75/ounce.
median salary ~$3000 (pic related)
3000/20 = 150 ounces ($186,000 in 2016) ($225,000 today ($1500/ounce))

2016 dollar between $1130 and $1350 / ounce.
median salary $31,099 (https://en.wikipedia.org/wiki/Personal_income_in_the_United_States))
31000/1240 = 25 ounces ($625 in 1925)

central banks are unconstitutional and not necessary

1925 dollar pegged at $25/ounce.
median salary ~$3000 (pic related)
3000/25 = 120 ounces ($180,000 today ($1500/ounce))

2016 dollar between $1130 and $1350 / ounce.
median salary $31,099 (https://en.wikipedia.org/wiki/Personal_income_in_the_United_States))
31000/1240 = 25 ounces ($625 in 1925)

>>15764529
nope. median was $3000-$5000 in 1925