Wages Have Decreased by 92% Over The Last 130 Years Since the Gilded Age:

That's because money was real back then unlike today's fiat currency.

After the Continental Currency fiasco, the US had gotten its act together and produced a monetary unit that was actually stable and worth as much as gold, coal, lumber, etc. that was being produced.

By this point, the bankers had already bankrupt Europe as they extended their loans to finance both sides of most, if not all, major European conflicts prior to the creation of the United States.

Those nations became indebted to the people behind the Bank of England who wanted more and set their eyes on America because that was the only place where real money was at the time. The only way these financiers were able to get their hands this money was to impose a central bank like the Bank of England over the US, hence the First & Second Banks of the United States, and siphon the wealth of the Dollar through interest payments.

This is why Andrew Jackson fought and defeated the bankers to an extent.

"To an extent" because the bankers eventually came back and created the Third Bank of the United States, but this time they called it the Federal Reserve with the propaganda to remove the financial grip that The Money Trust had on US money supply.

The problem is that the Federal Reserve was drafted by the very people it was supposed to remove the economic stranglehold from, that being The Money Trust themselves.

The end result: A Dollar that buys a nickels worth.

Got to love Keynesian economics and fiat currency.

The only thing masking it is that technology is plentiful and we have slave labor in 3rd world countries.

Last Edited by The Gullible Skeptic on 01/28/2022 02:52 PM

Because of the devaluation of the dollar

You are forgetting that houses today are more advanced and contain modern features not present back then.

The Media will only mention inflation

They will never mention the devaluation of the dollar

The devaluation of the dollar is the reason behind this

Google search

devaluation of the dollar since 1960

Value of $1 from 1960 to 2022

$1 in 1960 is equivalent in purchasing power to about $9.42 today, an increase of $8.42 over 62 years. The dollar had an average inflation rate of 3.68% per year between 1960 and today, producing a cumulative price increase of 841.90%.

Amazing.. ty

Wages not salaries have shrunken.

working class hourly paid serfs are impoverished, the golden children who shuffle paper are very well rewarded.

Overpopulation...inflation...taxes...the general inefficiency of socialistic thinking...cultural degeneration.

There are many reasons that this is true.

So $10,000 in 1960 is worth $90,000 today

Because the dollar has devalued

Google search

devaluation of the dollar from 1972 to now


Why a dollar today is worth only 15% of a dollar in 1972

$100 in 1972 is equivalent in purchasing power to about $666.99 today, an increase of $566.99 over 50 years. The dollar had an average inflation rate of 3.87% per year between 1972 and today, producing a cumulative price increase of 566.99%.

The cost of goods has fallen even further than that.

What a working class person has access to these days in terms of material gadgets and technology is more than any pharaoh, ancient king, or empororor could have ever drempt of.

A poor man who can afford an old used cellphone and get access to free wifi internet has access to far more knowledge than the president of the United States did just 50 years ago.

Make use of it.

Its true my father in the mid 80s was making near 80 grand a year....

Most people i grew up with,the dads were making that ....about 35 an hour with nice bonuses ....

Now...people make around 40 grand or so ....HAlF...while everything is 3 times as expensive ...

Yea this is a dying country that's for sure!...

Could easily buy a new truck in the 80s for 15 grand and a new car for 9 grand...

Gas around 80 cents ....Food you could buy for a family of 4 for 200 bucks for the whole month....

Now as you know...Easily you spend 600 bucks on a family of 4.....for a month...

Gas almost around 5 bucks,as a new car is 25 grand....

Plus back in the 80s you could buy a new house for 40 grand...Or make one with nice property for 80 grand ....

Yea we have a dying country ....no doubt about it .....

My dad n his friend used to go gold prospecting when gold was only at 200 bucks ...

They made enough to keep the hobby going....

My aunt in the 2000s was making 120 grand year till she retired ....

The middle class is shrinking because ,as i grew up i knew everyone that was middle class....Today ...i can count on 1 hand the middle class people...it is a dying country ....

Yes, but at the cost of BOTH parents needing to work.

Who is left to raise the children?

Daycares and schools, just how they wanted it.

Yeah but they didnt have health care, paid time off and all the other perks we have today.

Plus, they usually had to work their fingers to the bone in dangerous work.

Not the same at all op.

Even the wealthy in that time had to shit in a bucket and dispose of it manually, they had to carry water for cooking and rarely, if ever, bathed. Nobody had electricity. The gilded age wasn't so golden after all.

I worked for minimum wage for two years recently, I had roomates and cooked for myself and saved half of my income. The entire time, I had high speed internet and a smartphone with unlimited data. Anyone that says you can't make it on minimum wage is living in denial, because millions are doing it just fine.

At one time, I remember inflation/deflation reference was to the dollar in 1967.

I'd guess the ratio is very close to 9X.
In 1970,if you made $20,000/yr you were doing great.

I watched the value of everything slide sideways over 40 years and after someone tried to kill me, it's not worth trying to work disabled.

Advantage of capital and a controlled, fearful labor force ensures every profitable measure feeds the corporation.

Never is any increase in productivity distributed to workers.

Galt and happy.

I love my central bank inflation from the guys you can not name and critizise.

Take LA off the table.

But your average industrial worker made 6 figures by today’s standards.

Yep. I get banned every time I mention them ... even very politely and discreetly. I half expect to be banned just for this post. Here goes.

haha you sure showed me! Just work full time with multiple roommates and never spend a dime, and you too can barely survive!

130 years ago money was money, now it is mostly debt. Well over 90% that has since gone to bankers pockets while every dollar depreciates in value. Doesn't matter to them since they keep loaning out more and don't work for it anyway.

You can't criticize the inflation either because the stock pumptards who get rich off it will poop on you and say QE is good.

It's probably even worse than that. They've stolen almost all the people's wealth via their phony financial system and fake currency.

You are preposterous.

But inflation and devaluation of the dollar, are the same thing.

I spent plenty, half my income. I had no shortage of entertainment. Realistic expectations help, alignment of wants with needs helps. Wondering why you can't live like the 1% working a job you learned how to do the first week doesn't help.

you are only comparing to home ownership but today people have so many more things - no amount of money could buy a cell phone back then but most have them now - quality of life, and life expectancy are way higher today, plus those people deserved more money back then because they actually had to bust ass unlike the lazy POS we have today.

Do I have to say it?