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View Full Version : Dollar devaulation in real terms.




Anti Federalist
07-14-2008, 09:58 AM
1955 Woolworth lunch menu.

http://bp2.blogger.com/_3Qo-Fn3Eicw/SHVPPSpes6I/AAAAAAAAIos/iK29Z-5Zbvc/s1600/Woolworths.jpg

Kludge
07-14-2008, 10:00 AM
Nice find ;)

Zippyjuan
07-14-2008, 03:50 PM
Sorry, I don't see anything.
I found one here: (same thing?) http://bp3.blogger.com/_ewpEPV7ANWI/SG-olSmNQLI/AAAAAAAAAV8/xVZ3h0qZJAc/s1600-h/untitledwoolworthmenu.bmp
Bacon and tomato sandwich 50 cents. Median income then was $3,544 a year.
http://www.census.gov/hhes/www/income/histinc/p05w.html
If we figure 2000 hours worked (40 hours a week, two weeks vacation), that is $1.77 an hour. So the sandwich cost about 17 minutes work (before taxes).
What does that cost today? Median wage today (2006 on the same chart) is $33,843 or 16.9 an hour (again using 2000 hours a year). In 17 minutes that is about $4.70. How much is a bacon sandwich today in an eatery? More or less than $5?

orafi
07-14-2008, 04:03 PM
school lunch used to be a dollar.

then you had the free and reduced lunch program. sigh, oh how many people free loaded off of that shit, even the ones who had money?