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re: Sad economic facts that we are dealing with today
Posted on 1/29/26 at 3:16 pm to TigersHuskers
Posted on 1/29/26 at 3:16 pm to TigersHuskers
What the frick? That guy, and anyone who believes him, is an idiot.
He moves the goalpost to spot price of gold to make his stupid numbers work.
He moves the goalpost to spot price of gold to make his stupid numbers work.
0
Posted on 1/29/26 at 3:23 pm to TigersHuskers
OP is the least surprising poster to get duped by this lmao
Posted on 1/29/26 at 8:39 pm to TigersHuskers
quote:... so by that demented logic, the poor sot in 1971 actually paid 1/50th an ounce of gold for a Quarterpounder w/ cheese. In other words a quarterpounder w/ cheese cost him $108.00.
In July 1971 minimum wage was $1.60 per hour
That’s $64.00 per week equivalent to 1.83 ounces of gold based on our gold standard
1.83 ounces per week today is $10,065
$10,065 / 40 = $251.63 per hour
Americans need to demand payment in hard money, not worthless paper
Posted on 1/29/26 at 8:43 pm to el Gaucho
quote:Wow.
boomers love to deny the truth
The burger boy made 160 bucks a week and a used car cost $200, a semester of college was $150, gas was 20 cents a gallon, a burger was 10 cents, a house was 10k, etc etc
They were making more than 560k a year when you think about it.
Posted on 1/29/26 at 8:44 pm to BabyTac
Baby Tac
Those 2 days away did you some good. Starting to make sense.
Those 2 days away did you some good. Starting to make sense.
Posted on 1/29/26 at 8:44 pm to Ingeniero
quote:
Yeah I'm gonna go ahead and call BS on needing $520,000 a year to match a 1971 McDonald's workers spending power
Right - I was senior in college making 50 bucks a week. I’m all for fracturing on inflation but no way that would be half of 520K today.
Posted on 1/29/26 at 8:44 pm to TigersHuskers
You didn’t actually believe that did you?
Posted on 1/29/26 at 9:04 pm to el Gaucho
Welders making $250K on them datacenters, FYI.
Posted on 1/29/26 at 9:06 pm to SundayFunday
quote:
Or roughly an income $66,000 per year in 2025
Salary doesn't equal spending power.
Posted on 1/29/26 at 9:08 pm to TigersHuskers
That is absolutely stupid, proof that people today are not only economically illiterate but mathematically as well.
Posted on 1/29/26 at 9:23 pm to TigersHuskers
Was he the manager of the Taco Tia? $160 a week wasn’t bad in 1971.
Posted on 1/29/26 at 9:37 pm to el Gaucho
quote:
The burger boy made 160 bucks a week and a used car cost $200, a semester of college was $150, gas was 20 cents a gallon, a burger was 10 cents, a house was 10k, etc etc
What is the year and or source for this claim?
Posted on 1/29/26 at 9:43 pm to Ingeniero
quote:
Oh so this guy's a retard. In 2012 you could get Bitcoin for $7. That means you would need to make $83,000 an hour to match a 2012 McDonald's worker's purchasing power.
The guy actually makes a very valid point. Bitcoin is not a fair comp here. Gold has been hard money for civilizations for thousands of years. Before 1971 the country was on a gold standard. You could exchange dollars for gold at a fixed rate of $35/oz.
And since that time the value of a dollar has been debased endlessly. You can take the last 2 years of gold increases away and his point still stands. Not $10,000 a week but about $4,000.
Posted on 1/29/26 at 9:49 pm to BabyTac
quote:
Cry me a f’ing river. The day I don’t see an $80,000 vehicle and spoiled as humans needing a $15,000 golf cart to drive less than half a mile to the pool is the day I’ll start saying we have a problem.
This is, and will always be, a dumb fricking boomer take.
Posted on 1/29/26 at 9:53 pm to el Gaucho
quote:
The burger boy made 160 bucks a week
Dafuq he did.
Minimum wage in 71 was 1.60 an hour.
If he worked 40 hours, which was rare at McDs even then, he made $64 a week BEFORE taxes.
Why do y’all make shite up?
Posted on 1/29/26 at 9:54 pm to RanchoLaPuerto
Also, if you were 18 in 71 you were subject to the draft.
So you’re making $64 a week, then six months later your arse is in Danang.
So you’re making $64 a week, then six months later your arse is in Danang.
Posted on 1/30/26 at 12:29 am to BabyTac
Terrible take, like looking at a model and deducing that all women are hot. Most people are ugly and most people are broke
Posted on 1/30/26 at 9:57 am to RanchoLaPuerto
So you’re saying that the burger boy made the equivalent of 200k instead of 560k
No wonder the boomers voted for immigration to get rid of these jobs
No wonder the boomers voted for immigration to get rid of these jobs
Posted on 1/30/26 at 10:04 am to SlowFlowPro
quote:
He's making a gold comparison while gold is in its biggest bubble ever.
Gold has never been in or out of a bubble. I can still trade one ounce of gold for one ounce of gold. If anything is in a bubble, it's the dollar.
Posted on 1/30/26 at 10:11 am to RanchoLaPuerto
Early 70s I was flipping burgers too. Didn't realize I was rich 
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