Comparing the value of labor over time is apparently not that straight forward. I was wondering about minimum wage. When I graduated high school in 1970
(gasp… yes) the minimum wage was $1.60. I dropped out of college after a year, and I went to work in a factory for somewhat more than the minimum wage. After a few months I had raises that put me up to $2.60 an hour which was nearly 60% higher than minimum wage. Even at that astronomical wage, even without a car to support, even with living in basically a slum apartment, I was having a hard time making ends meet. I had to be careful with every penny. I had a crisis back then that wiped out very quickly what little savings I had. I had absolutely no benefits. A medical emergency would have been a financial disaster.
Using data as calculated on the website, Measuring Worth , I came up with the following data:
Current data is only available till 2012. In 2012, the relative worth of $1.60 from 1970 is: Continue reading “Minimum Wage Over Time”

Once upon a time, back in the day, when my kidrens were still knee-high to the proverbial grasshopper, my arm could still be twisted to get me to attend Sunday church services. My son, David, must have been around 4 which would have put my daughter, Keely, at 8. We were living in Oklahoma City and we attended a Baptist church fairly regularly. Sporadically before the main sermon the preacher would have a children’s story. In the front of the church was a low stage with steps leading up to the pulpit. He would sit at the front of this stage and ask the children of the congregation to gather around him.

