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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: pater tenebrarum who wrote (4276)6/4/2001 3:41:57 PM
From: Ilaine  Read Replies (2) of 74559
 
In 1934, the average US hourly wage for nonsupervisory goods-producing workers on a non-farm payroll was 54.8 cents an hour. In May, 2001, it was $15.86 per hour. So in 1934, the average US worker could buy an ounce of gold with about 64 hours work. In 2001, it only takes about 17 hours.

Funny kind of inflation.;^)
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