this post was submitted on 21 Feb 2025
15 points (85.7% liked)
Cars - For Car Enthusiasts
4138 readers
25 users here now
About Community
c/Cars is the largest automotive enthusiast community on Lemmy and the fediverse. We're your central hub for vehicle-related discussion, industry news, reviews, projects, DIY guides, advice, stories, and more.
Rules
- Stay respectful to the community, hold civil discussions, even when others hold opinions that may differ from yours.
- This is not an NSFW community, and any such content will not be tolerated.
- Policy, not politics! Policy discussions revolve around the concept; political discussions revolve around the individual, party, association, etc. We only allow POLICY discussions and political discussions should go to c/politics.
- Must be related to cars, anything that does not have connection to cars will be considered spam/irrelevant and is subject to removal.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The price of a 1960 Corvette was under $4,000.00 Minimum wage in the US was $1.00/hour.
What progress we've made!
To have the same affordability as a 1960 Corvette at 4000 hours worth of work, minimum wage would need to be $60.
Progress, but in the wrong direction. $60 minimum wage is absurd.
I don't have a degree in economics, but I can spot a scam.
One of the things I've noticed is that the price of feeling rich has gone up tremendously faster than inflation.
Look at 1960 prices for luxury goods and compare them to today. The Corvette is a good example; a top of the line Cadillac was about $5,000.00 and a Rolls Royce was about $25,000.00
Tickets to the Super Bowl were about $12.00 and front row tickets to Ali/Fraiser were $200.00.
If they made Pulp Fiction today it would be a $100.00 milk shake.
It isn't enough that we're broke, they want us to see it every day.
4000 vs 33000 minimum wage hours today
I always shake my head when people pull out an inflation calculator that says that $1 million is equivalent to $10 million today.
In 1960 $1 million was a vast fortune that would buy you a Beverly Hills mansion with enough money left over to live like a king forever.