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Old 11-10-2015, 02:08 PM   #21
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I keep thinking I got $1.10 an hour at my first McD's job (I was 17).
This table says I should have been making $1.25.
Minimum Wage - Wage and Hour Division (WHD) - U.S. Department of Labor
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Old 11-10-2015, 02:09 PM   #22
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My day was not cushy, I pounded the pavement to the last day, my body was sore more often at the end as the youth of today punch harder especially when your in your 50,s. I smelled awful after body fluids were flung on me during protests. I think a position at the French fry machine is something I could handle. With the added bonus to the boss, if the place decides to get robbed and they start killing patrons I'll be the first to try to stop the carnage.

My vote is you definitely would be able to handle the job! I worked in these joints for 6 years in my HS/College years before I transferred to "the cushy office job". Many older people do work in FF. I am in my 50s and could still do it. Yes, the joints would definitely hurt more standing all day. But since I am not hungry and am not in need of money yet, no way would I put myself through it. But if I was hungry enough, the job would get done.


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Old 11-10-2015, 02:12 PM   #23
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I live in the past about the value of a dollar

I often pull $40 out of my wallet thinking that'll cover the grocery bill. It usually covers about half the real cost.
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Old 11-10-2015, 02:16 PM   #24
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I often pull $40 out of my wallet thinking that'll cover the grocery bill. It usually covers about half the real cost.
I'm a math guy, basic math anyway. When I get to the check out, i've added up the cost of my groceries in my head as I shopped and know how much cash I need to pull out before they tell me. I'm not good at much in life so I take advantage of what I am good at.
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Old 11-10-2015, 02:18 PM   #25
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You must really feel bad for the elderly waitresses we see at the diners running around like mad , serving unruly people . Not everyone in here that retired early pushed pencils. Retirees are working in these industries an d for less that the 15 dollars I mentioned

A couple friends of mine and I travel often to Vegas and frequent the same Sportsbook. Over the past few years we noticed the same elderly women in sportsbook serving alcohol to hundreds of sports-betters. We extended the trip 2-3 years ago and was there on a quieter day and got to talk to her for a few minutes. I asked her how long she had been serving here. She said she started serving there when Elvis Presley was still performing nightly there. And she was keeping up just as well as the young servers were. Well actually better, as she knew very well...the better the service, the better the tips!


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Old 11-10-2015, 02:18 PM   #26
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I often pull $40 out of my wallet thinking that'll cover the grocery bill. It usually covers about half the real cost.
I was sent to get grated cheese, I plucked a $20 bill from my wallet and took a quick walk to get it, the bride was finishing up a dish that required it. Knowing she was waiting for it I did not waste time browsing, I did pick up a chocolate cake, and some half and half. It was $19.83 . I was shocked , I almost took only a $10 with me.
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Old 11-10-2015, 03:01 PM   #27
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It was 1976 when I was getting 2.10. Like I said it was the youth minimum wage I think the regular minimum wage was 2.40, but I'm not positive
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I keep thinking I got $1.10 an hour at my first McD's job (I was 17).
This table says I should have been making $1.25.
Minimum Wage - Wage and Hour Division (WHD) - U.S. Department of Labor
Yes, now it comes back to me. Minimum wage was $2.10 when I was doing menial work while in college in the mid 70s. I never did any fast food job though.
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Old 11-10-2015, 03:20 PM   #28
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But remember this: 50 years ago, a decent TV cost about $400 (still does)

I wouldn't know. In my boyhood home, a "decent" TV would have been one that didn't feature a coat-hanger as an antenna and pair of vice-grips permanently affixed to the tuner shaft as a channel selector, replacing the long since broken knob. As I recall though, it wasn't all that much of a handicap given that we only had 3 channels in our area. A couple of clicks to the left, a couple to the right, or just stay put. :-)
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Old 11-10-2015, 03:26 PM   #29
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I wouldn't know. In my boyhood home, a "decent" TV would have been one that didn't feature a coat-hanger as an antenna and pair of vice-grips permanently affixed to the tuner shaft as a channel selector, replacing the long since broken knob. As I recall though, it wasn't all that much of a handicap given that we only had 3 channels in our area. A couple of clicks to the left, a couple to the right, or just stay put. :-)
Dunno about 50 years ago, but I know my grandparents bought a new 25" Zenith console in 1972, and it was about $700. It didn't have a remote, or stereo speakers, but was made out of (mostly) real wood, and had a slate (or a reasonable facsimile) top. Adjusting for inflation, it would be about $4,000 today!

We were kinda lucky too, living close enough to DC and Baltimore to get most of the stations. I remember the "highest" station was 54, which played old tv sitcoms and such during the day but then would switch over to "Super TV" at night, which you needed a de-scrambler for.

The UHF dial went up to 83, but most of it was empty static. I remember thinking how wonderful it would be when one day, all those empty channels were filled with programming, how much variety there would be!

Well, nowadays, I think the FIOS tuner goes up to 9999, and most of the time I swear there's STILL nothing on tv...
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Old 11-10-2015, 03:34 PM   #30
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Love this thread, cracks me up. Money becomes worthless over time no doubt about it (regardless of all the nonsense talk about deflation).
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Old 11-10-2015, 03:47 PM   #31
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Yeah that's what I was thinking

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Love this thread, cracks me up. Money becomes worthless over time no doubt about it (regardless of all the nonsense talk about deflation).
That's why I started this thread, I'm glad I'm not alone . And as far as the tv with tinfoil antenna , I had a friend who had to stand next to the tv when I think all in the family was on in case it got snowy , his dad didn't want to miss a bit of it, we used to go to his apt and wait in the kitchen for the half hour to end and we would hope the picture got fuzzy his dad would go into a rage . It was funny then now I'm crying while I type this, way too funny. Hid dad drove a truck, my friend is now a very wealthy dentist, how time flies
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Old 11-10-2015, 04:05 PM   #32
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My first job in 1959 as the projectionist in the local theater at the age of 12 paid 75 cents per hour; that was minimum wage.
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Old 11-10-2015, 04:16 PM   #33
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Love this thread, cracks me up. Money becomes worthless over time no doubt about it (regardless of all the nonsense talk about deflation).

This past month a nearby restaurant celebrated its anniversary for a few weeks by having the menu set at its 1975 prices. The menu was more limited than the regular one, but it still sure made for a nice cheap evening meal.


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Old 11-10-2015, 05:16 PM   #34
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This past month a nearby restaurant celebrated its anniversary for a few weeks by having the menu set at its 1975 prices. The menu was more limited than the regular one, but it still sure made for a nice cheap evening meal.

DW and I ran into something similar a number of years back. We were visiting another city for a couple of days, heard about a local restaurant doing the "price rollback" thing and figured why not take advantage. I can't remember if it applied to everything on the dinner menu or just specific entrees. But I do recall they knew better than to include the wine list!
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Old 11-10-2015, 05:33 PM   #35
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This past month a nearby restaurant celebrated its anniversary for a few weeks by having the menu set at its 1975 prices. The menu was more limited than the regular one, but it still sure made for a nice cheap evening meal.


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That is cool. Love those deals. I wish they would set college and wedding prices back. And house prices. And steak prices. And skiing prices. And take your wife on weekend getaway prices. Starting salary at Microsoft is $110,000. Makes my portfolio practically worthless. Lol😄 Inflation is the real killer. I have no clue what the impact will be over my maybe 50 year retirement.
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Old 11-10-2015, 05:39 PM   #36
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DW and I ran into something similar a number of years back. We were visiting another city for a couple of days, heard about a local restaurant doing the "price rollback" thing and figured why not take advantage. I can't remember if it applied to everything on the dinner menu or just specific entrees. But I do recall they knew better than to include the wine list!

Soda's for 35 cents were on the menu. But, no the wine wasn't. Imagine that! And full confession, we bought the $20 bottle of wine and it was double the cost of our food.


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Old 11-10-2015, 06:06 PM   #37
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1973 we worked 22 hours a day and all we got for that was a beating before bed.... And we were darned glad too get it!
( queue up the Four Yorkshire Men )

It's about time. I've been missing those guys lately...
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Old 11-10-2015, 06:16 PM   #38
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The official cumulative inflation from 1976 till now, a period of 39 years, is 320%. This means $1 back then is worth $4.2 now. So, the $15/hr job now is equivalent to $3.57/hr back then.

Does that seem about right? I cannot remember what minimum wage was back then, but it must be lower than $3.57.

PS. I do remember an engineering graduate making $17-19K for the first job out of school. That is equivalent to $71-80K now. That seems roughly right.
I believe the official CPI inflation might be 320%, but I believe actual inflation to be much much higher. In 1973 I had a job mopping floors at the then minimum wage of $1.65/hr. Our home was valued at about $35K. Today, that same home is $900k. The State Univ fees were about $150/yr. Today they are around $6k to $7K/yr. Twilight green fees at the local golf course were $1. Today they are $25. And I'm sure medical costs have soared too.
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Old 11-10-2015, 06:17 PM   #39
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Nope, my yardstick is firmly in the present. I'm 65 so certainly did experience those smaller numbers. But I have forgotten about them. Certainly know all the current prices though. My in laws seem stuck in the 50's (maybe earlier?) Always complaining about current prices, and they are quite well off. Very tiring.
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Old 11-10-2015, 06:17 PM   #40
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Lol😄 Inflation is the real killer. I have no clue what the impact will be over my maybe 50 year retirement.
Before I retired I remember playing around with Quicken's retirement calculator and found that if I lived to be 90 at 4% inflation my retirement income would be ~$250k! Wow!

Then reality set in and I realized that a package of hot dog buns would be ~$25.
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