In 1965 my dad supported 8 people on $8,800/yr. I worked in a neighbors hayfields all that summer for .50/hr and at the end had $500 for the entire summers work. I was already playing with my first Parker though, a family VH12 that a brother still has. I don't get it, but economic theories tell us that things cost the same today as then, that you still get the same thing for a days labor, the only difference being the dollar amount involved. Can you imagine what a loaf of bread will cost in 50yrs?? It won't matter really because by then the poverty level will be way above $100,000/yr. Go figure.
|
Hybrid Mode