A Ford worker was once paid 1/4th oz gold a day. See how the value of your labor has fallen!

by Guest ContributorMar 25, 2024Mar 25, 2024Leave a CommentCommentary, Food for Thought

Ford Motor Company was offering “the high wage of $5 per day” in 1914.

That doesn’t sound like much until you realize that we were on the gold standard — $20 = 1 oz of gold.

Today, relative to gold, that would be about $540 per day.

(5x the pay for a substitute teacher.) pic.twitter.com/dC3SyVoChS
— Sen. Eric Brakey 🌲🦔 (@SenatorBrakey) March 22, 2024

Oldie but goodie – this explains what happened

From Forbes a few years ago.

Measured-In-Gold-The-Story-Of-American-Wages-Is-An-Ugly-One Download

Guest Contributor

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