Tuesday, August 18, 2026

A lesson in government's "economics"


A while back, my dad said that I should tell my daughter to be thankful for how much money she's making at her job, because his first job was driving a tractor around a field for 11 hours per day, for 50¢ per hour.

This was in the early to mid-1950s.

Once I pointed out how much the silver in two quarters would be worth today, he changed his tune a little. That would be equal to about $23.40 per hour. Much more than my daughter is earning.

If you're only adjusting for inflation- like if the guy gave him FRNs instead of hard money- that's only about $6.23 per hour. Not as good. In that case, my daughter is coming out ahead.

Anyone should still be grateful for their job, whatever it pays. No one is obligated to hire you. It is nice, though, if you make enough money to make the job worth the effort. It's sad how much of that pay gets stolen by the state, just because the state exists and feels entitled to your property.

Government sure likes to steal our money, one way or the other.

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