Loading ...Copy on that, agreed. The failure to maintain (with honest inflation numbers) the standard basic minimum wage, by the most recent powers that be, is causing big various problems now.
The OLDER powers that be, (the people?) that created and mandated inflation adjusted standard minimum wages were obviously a lot smarter than the more recent powers, (big business?) that started CHEATING on reported inflation numbers.
I remember during the 1970s, their media was saying wages were too high and causing the inflation, and lower wages in the USA private sector was the new objective.
Plus, before 1971, we lost half our gold reserves to various countries exchanging US Dollars for gold at $34. After we put a stop to that, the various countries took over our industries instead. Electronics autos machinery etc.
The USA got DRAINED, one way or another until the 2008 meltdown. Nothing left to share. That’s why I’m basically optimistic. We PAID. Some other country will take our place. Probably China in the future.