posted on Mar, 31 2011 @ 11:43 AM
In 1977 the minimum wage was $2.10, A typical 19" color TV, such as the Sony Trinitron, sold for $400. An Apple ][ computer with 2 disk drives and a
whopping 64K of memory was over $3,000. You coulpdn't buy a hard disk. When they finally became available they were $1000 for 10 (ten) mega (not
giga) bytes..
In 2011 the minimum wage is (what he said above). A typical 32" LCD Sony TV is about $400. A typical laptop such as a Toshiba with several gigabytes
of RAM and a 100GB hard disk is about $500. You can but a several gigabyte thumb drive for $10.00.
Gas when I was in high school was 35 cents a gallon when I made $1.25 an hour. Now it is $3.50, but I make $40 an hour. Not only that, my old car, a
'57 Ford, got 10 MPG. My car today gets 30 MPG. In terms of 'bang for the buck' I'm doing pretty well. In terms of cost it is much cheaper.
You can always cherry pick your examples, just like I have here. But nobody is going to be "demandin" silver for their labor any time soon.