40% Of US Workers Now Earn Less Than 1968 Minimum Wage

Kreskin

Doctor of Thinkology
Feb 23, 2006
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The difference between then and now has more to do with credit availability and therefore access to these goods.

Back in the '60s, no one (read bank) would give you credit to buy a TV or likely a car... If you didn't have cash on the bbl-head, all you could do is window shop
The biggest difference between then and now is back then you inflated your way to more prosperity. Mortgages are linear. If you couldn't afford your payment you would afford it in the not too distant future. These day people are shackled for life.
 

Sal

Hall of Fame Member
Sep 29, 2007
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oooooooomg gawd I forgot about pole lamps, one sat right between my parents two chairs
 

captain morgan

Hall of Fame Member
Mar 28, 2009
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A Mouse Once Bit My Sister
The biggest difference between then and now is back then you inflated your way to more prosperity. Mortgages are linear. If you couldn't afford your payment you would afford it in the not too distant future. These day people are shackled for life.

Sure enough... Going to be interesting to watch things unfold in the future as some doors close and new ones open
 

Sal

Hall of Fame Member
Sep 29, 2007
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Was the third channel CBC French?
no...one channel was Kitchener another was London and then they added Toronto so we thought we were really in the big time with a cosmopolitan influence
 

Sal

Hall of Fame Member
Sep 29, 2007
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Wow. I only had two and one of them was CBC French.
lucky you as you can likely speak French well. I can't. I wish I could. when I retire I'm going to get the Rosetta Stone and expand my languages
 

petros

The Central Scrutinizer
Nov 21, 2008
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Low Earth Orbit
lucky you as you can likely speak French well. I can't. I wish I could. when I retire I'm going to get the Rosetta Stone and expand my languages
Nope. Espanol. Only watched hockey on CBC French and that was with the volume cranked down. If I learned french my old man would have shot me.
 

Sal

Hall of Fame Member
Sep 29, 2007
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Nope. Espanol. Only watched hockey on CBC French and that was with the volume cranked down. If I learned french my old man would have shot me.
well can't have your dad murdering his kids...at least you are bilingual... good on you
 

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
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kelowna bc
Credit cards made their real push in 1958 and banks began making consumer loans
until then money was actually worth something Debt and the value of money is one
problem but since we allowed companies to get tax breaks from governments and at
the same time take jobs off shore we have had a race to the bottom in terms of living
standards,
The time has come to ensure companies who receive and tax breaks or reductions
give something in return. The job creation money they doled out in 2008 they kept and
increased their share and dividend values Money to bail out companies should have
come with a lot of strings and it didn't.
Its also time to introduce ethics to companies as well as government Iceland has done
so and its time for governments to put these corporations in their place using legislation
no red tape is not all bad. Greed has taken over everything and when the wage of a worker
is something like 1 600th of a management person at the top the system is out of balance.
How is it the wages of the worker goes down while the income and bonus structure of the
people at teh top is always going up? This is only part of the problem.
 

gerryh

Time Out
Nov 21, 2004
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I never cease to wonder, just what do things like the comparative value of the minimum wage in the USA, have to do with Canada?


It has nothing to do with Canada. Mentalfloss just has a problem posting a subject in the proper sub forum.
 

Goober

Hall of Fame Member
Jan 23, 2009
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Moving
no...one channel was Kitchener another was London and then they added Toronto so we thought we were really in the big time with a cosmopolitan influence

You and Petros were both spoiled. Our 3rd channel was French.

Oh yeah - some funny fer ya
When I was in Germany, the French channels from France had shows that were made in Quebec
Those shows had French subtitles.
LMAO.
 

petros

The Central Scrutinizer
Nov 21, 2008
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You and Petros were both spoiled. Our 3rd channel was French.

Oh yeah - some funny fer ya
When I was in Germany, the French channels from France had shows that were made in Quebec
Those shows had French subtitles.
LMAO.

Sames goes for me. It took moving to a real city to get 2 English and 1 French.
 

BruSan

Electoral Member
Jul 5, 2011
416
0
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A walk down memory lane for some of you would be:


Credit available at certain stores before credit cards became popular. Anyone remember having a credit account at Tip Top Tailors or HFC Finance. Anyone remember Chargex cards. Anyone in Ontario remember having to have what was called a Barrie Trap/Filter on your Black and White to keep that station from "ghosting" over Buffalo and Toronto? How about rotary antenna heads?