Income and Gold

First, let’s get the really bad news out of the way.  You’re probably extremely underpaid for what you do.  In fact, you probably get paid around one-sixth of the salary that a worker got in 1970 for the same job.  There has been a huge real decline in income, masked by fiat currency inflation, meaning many of us are worse off than ever.

This goes a long way to explaining why life has got harder and most households now require both parents to go out to work to keep the family going.  A less common occurrence back in 1970.

To look at this another way, to return to 1970, our salaries need to increase by six times.  Yes, six times.  Imagine that, a world that rewards work and self-sufficiency over clever monetary tricks.  Sadly, such a world is not here yet.

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