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Geo-TH,In

Geo-TH,In

Well-known Member
45 years ago I worked at a gas station for $1/hr. I do my weekly grocery shopping at Wal-mart. I don't have a family to shop for, don't buy beer, expensive foods, meats, or Rx meds. Checked out today and thought to myself, 45 years ago I would have had to work 196 hours to pay for this cart of groceries($196) and a few items used in the home. Considering there are only 168 hours in a week I wouldn't have been able to shop at Wal-mart. Time to bash Wal-mart:)


I remember my dad worked at a grain elevator in 1940 for $0.50/hr $20 a week.

How much will things cost 45 years in the future?


George
 
i was there too a buck an hour was good money, i still remember going into the store with a quarter, it bought a soda, a box of cracker jacks and got 3 or 4 cents change lol try that today
 
Don't get me started.... but, the price of gas - I can barely afford to go to work! And after I get there, they want to send me all over 2 counties- and NOT pay me mileage. Everything doubles every ten years, except your pay rate. Well, at least I have job to complain about.....
 
I worked for a buck an hour too, at a gas station and hauling hay. You could buy five hamburgers and two fries an Mickey Ds for 99 cents. A bar famous for its hot dogs sold them 2/for a quarter 55 years ago. Now one is $2.29. And they are not as good.

Larry
 
Rod , I agree with you. When I was 16 and started to drive in 1977 , gas was .49 per gal. Ten times that now. Only problem is, back then as a kid working on a dairy farm I got paid $2.50 per hour. I can't pay $25.00 per hour wages for a man now on the farm!!
 
I started out in 1978 at $4.50 per hour. I am self employed now, so it is probably the same rate.
 
Back in the early 60s I hauled hay for 2 cents a bale, then in the late fall I hauled corn and coal for 8 dollars a day and dinner, most days ended up getting supper too.
 
I bought a new Mercury Cougar in 1980 for
$4900 left over 1979 demonstrator.Face value of money means nothing just what you make vs what things cost is what matters.
 
(quoted from post at 00:59:16 09/30/12) I bought a new Mercury Cougar in 1980 for
$4900 left over 1979 demonstrator.Face value of money means nothing just what you make vs what things cost is what matters.
Click to expand...
eah, don't worry about it! BO gonna give yo a free phone & other goodies! :cry:
 
Yup, back in 1973 I made 50 cents per hour. Loading hay on a wagon and throwing it up into the loft of the barn.

According to the CPI Inflation Calculator that 50 cents is equal to $2.59 per hour today.

Using the same CPI Inflation Calculator for $1.00 per hour wages in 1967 (2012-45= 1967) you were making $12.80 in todays wages. Not too bad when a lot of people are making $7.25(minimum wage) in todays work force.

Here is a link to the calculator:
Untitled URL Link
 
Gee when I milked for the Neighbors in 1977 I only got $2.00/hr, and some folks only paid $1.70/hr for hay work. I was stationed in Greece in 88-89. I heard tails of how the Drachma used to be roughly equivialnt to a dollar and they had coins called Lepktas that were the pennys. The dollar/Drachma ratio when I was there was 1/200. For 450-500 Drachma I'd go to a local Taverna and get 2 big German beers, a pork chop, souvaliki or Calamari and a Greek salad for about $2.50 American. That wasn't as bad as the Isreal an exchange student from there stayed at our farm for 8-9 months (a Jewish girl living on a hog farm) just before she left she gave away all her Isreali money, the inflation was so bad she said it was worthless about 1/20th of what it was when she left home. She said any money she or her parents had in the bank were held in German Marks, US Dollars or Japanese Yen. When I was a kid my dad drove for UPS take home wages for a teamster then was only about $80 a week, heck they get that in a day now.
 
During much of the '50s, in my part of the world (Mid-South), farm labor was $3.00 per day......for 10 hours work. For a while in the '30s, manual labor around 'here' paid 50¢ a DAY.......A NICKEL PER HOUR.
 
"I remember my dad worked at a grain elevator in 1940 for $0.50/hr $20 a week. "

Again, using the same calculator, your dad earned more money per hour than todays minimum wage. In 1940, his hourly wage would have been $8.23 per hour in todays wages.
 
Mom got me and my brother around the kitchen table when we were boys, when she had a charge account at the gas station, and shook a finger at us, said us boys had to quit driving that car so much, she'd got the monthly gas bill and it was $25. We were shocked.
 
My first job at 14 was helping a farmer put up hay in 1988, worked 40 hours for that sob and got $19.50. I quit after that. Next farm a horse farm in 1989 paid me $3.50 per hour, but the owners son was lazy so I made out good! Still there today, only I took over the horses and the haying, ect. Next horse farm I worked on I was paid $4.50 an hour in 1993, than worked at a hvac company for $7.00 an hour, the big time I thought, but the boss man was a disrepectful &sshole so I quit, started a landscaping company and never looked back. I went back to the second horse farm for something to do the winter of 2008, they went from $4.50 an hour in 1993 to $8.00 an hour! Lol
 
I know what you mean. I was talking to my son the other day and told him I was making $98.00 a week in 1973 and had my own car and furnished apartment and was able to live completely on my own. Now I sometimes make that in a hour.
 
(quoted from post at 03:04:43 09/30/12) 45 years ago I worked at a gas station for $1/hr. I do my weekly grocery shopping at Wal-mart. I don't have a family to shop for, don't buy beer, expensive foods, meats, or Rx meds. Checked out today and thought to myself, 45 years ago I would have had to work 196 hours to pay for this cart of groceries($196) and a few items used in the home. Considering there are only 168 hours in a week I wouldn't have been able to shop at Wal-mart. Time to bash Wal-mart:)


I remember my dad worked at a grain elevator in 1940 for $0.50/hr $20 a week.

How much will things cost 45 years in the future?


George
Click to expand...

If you got food stamps it would be $196 worth of free stuff.... If its free who cares what it cost,,, those that don't get free stuff are the ones that pay the price... BTW I spent $230 last nite and forgot to get a few things :cry:
 
What are y'all complaining about. :roll:
It was only ten years ago when we had the BSE crisis and the bottom dropped out of the ruminant market. :shock:
I worked all year and got paid ..nothing,..had to borrow to stay alive.
 
I think you are all overlooking the problem that is making a BIG differance. That is the differance between what you make and take home pay after all the deductions !!!!
 

Yep...spent many a day in the Hay field for .25 a day. as a kid...usually nothing...

Now, IF the Inflation had been kept in check..we would not have our Savings shrinking out from under us (Every one of us)...

Ron..
 
Back in 1974 my last pay check before going into the Navy was $225 for 1 weeks worth of throwing newspapers. Took one heck of a pay cut to go in the navy since starting pay in boot camp was less then $700 a month. But it was do that or get drafted or go to college and at the time I had had enough of schools I thought but was wrong since I went to school for a year or more in the navy for electronics.
 
Boy a lot of kids on here I was working for my uncle building houses at .50 an hour went strike because my brother was getting .75 I won and then got .75.
Gas when I started driving was 5 gallons for a $1.00
When I got out of the Navy in 62 I went to work for the government for $2.28 thought I was rich.
Walt
 
In the early 50s, I started working on the farm that my Dad worked at. I was earning 50 cents an hour 9 hour days. Dad got $ 65.00 per week for 6 nine hour days.
 
You know the real sad part is we were taught to save save save.....so save we did. Wow, I saved $500 last year, can you imagine how long that will last me when I'm retired? I could probably make it close to a year if I conserve!
Fast forward.............Hey, at least I got my electric bill paid this month.......freaking inflation.
 
45 years ago I worked at a gas station for $1/hr
Click to expand...
45 years ago that was probably a good wage.
I made $1/hr working on a farm in 1978, not even 35 years ago.
Obviously a non-union shop. LOL
 
I went to work for a General Contractor (building houses) in 1962, starting wage was $1.00 per hour. I also bought my first car that year (1953 Chevy) for $100.00.
 
My first full time job in 1953 paid $48 for a six day week, nine hours per day. 7am 'til 5pm with an hour off for lunch. Minimum wage back in those days '54? was $1 per hour. After a while I asked why we wern't being paid the federal minimum wage. Answer was we weren't engaged in interstate commerce and the federal minimum wage didn't apply. A few days after that I found myself off loading 55 gal drums of insecticides from New York from one boxcar and placing them on an adjacent boxcar destined for South Dakota. So much for "not being engaged in interstate commerce". It was a good job, though. Nice facilities, good people. A new Ford or Chev cost about $1900 back then. About one year's take home pay. (Yes, we did pay taxes in those days) About the same now. At the bottom, most people's yearly gross income is about the same as a low cost new car. In some ways, "things" are cheaper now. And, the government gets to pay off the national debt with ever cheaper dollars. So, hang on and enjoy the ride. You'll only be around for a short time. The US Government? My bet is it'll still be here 500 years from now and people will still be complaining about much the same stuff. (;>))
 
The US Government? My bet is it'll still be here 500 years from now and people will still be complaining about much the same stuff.
Click to expand...

If it's still here in 500 years, I would bet the rest of your statement is guaranteed!
 
I was milking cows for $1/hr. after high school in 1966. Got a job as a lineman for Ma Bell at $1.71 and thought I was in tall cotton untill I got my first check for $51. Taxes, union dues, etc., cut the net way down to less than half of my farm pay. What a let down!! And then Uncle got hold of my young butt. That figured out to $.16 an hour but at least I had three hots and a cot....
 
(quoted from post at 00:08:14 09/30/12) I was milking cows for $1/hr. after high school in 1966. Got a job as a lineman for Ma Bell at $1.71 and thought I was in tall cotton untill I got my first check for $51. Taxes, union dues, etc., cut the net way down to less than half of my farm pay. What a let down!! And then Uncle got hold of my young butt. That figured out to $.16 an hour but at least I had three hots and a cot....
Click to expand...

Dad told me he made $27/day, one day/month in the Army in WWII.
 
My dad had two hired men during the depression. Paid them $15 per month plus room and board. That was about what a private in the army got. But you couldn't get in the army. Each of his hired men bought a Model T Ford-used. $10 per. Beer was a nickel a glass. I could go on but I won't. Not for now, anyway. (;>))
 
I think I mentioned this on here before, but I hired some kids to work in the hay this summer, paid $10 bucks an hour, for 4 hours, each got a check for $40. One asked if I had hayed when I was their age, and how much an hour did I get? $1.25, said I, so my check for today would have been 5 bucks. He grinned and said "Times have changed, I guess." I replied, "Sure have- back then, I could have filled my gas tank with my 5 bucks."
 
A friend bought a new 1956 Buick Super and he was the first person I ever heard exclaim: "Holy Cow! I filled up my car with gas and it took six bucks worth!". We all laughed at him for buying a car that needed high test gas with a big tank and a dynasaur transmission.
 
Very few people seem to see the really sad facts in all this- # 1 the dollar is purposely being devalued because we owe over $16 TRILlION. #2- your dollar doesn't go so far because of TAXES! For instance, every gallon of gas in NYS you buy, the state gets 49 cents! Every tax levied on a business gets passed on tot he consumer. Wake up, there is nothing FREE! #3 We have a combination of devaluation and inflation, both artificially created, and we use a fiat currency that is worthless. Take 3 dollars from your pocket and and find 3 dollars worth of copier paper. You will note that your copier paper pile is much higher than the dollar pile. The copier paper is worth more than the paper currency. The only reason the paper currency has "value" is because we all agree to abide by the notion that it has value. There is NOTHING backing it. The total gold reserves of the world will not cover our debt. That's part of why we no longer back our money with anything of value. If that doesn't set you back on your heels I don't imagine anything will.
 
forgot if this quarter was all you had in your pocket at the time you had to drink the soda there, or pay a nickle to take it with you, they reused them in those days
 
According to my Dads WWII records. He was making 50.00 dollars a month. With Base pay Sea pay and combat pay. Plus an extra 5.00 dollars for being the gun mount leader
 
I found my bill for my first semester in college,1966, tuition room and board, $500. At that time, if I hadn't been working for Dad on the farm, and him paying my bills, I could have gone on construction for $1.00 or $1.25/hr,and earned that in a summer, especially with overtime. My older son's first semester this was $14,500. Figuring ten weeks of summer vacation, he would need to make $1450/week after taxes, to cover that. That works out to at least $20/hr, even with 20 hours of overtime, and there aren't a lot of summer jobs around here that would pay that.
 
In 1966. I was making 75.00 dollars a month working for the school system.Plus all the extra food I could eat from the lunch room. Really liked Blackberry cobbler and Ice cream day.
 
WOW, In 45 years inflation increased 12.83 times.
So, in another 45 years, if inflation is the same, my $196 groceries will cost $2514.68

If there is a good thing, 16 trillion $ won't sound so bad.

People who plan to retire on a shoe sting budget, need to think about how inflation will put them in the poor house. My brother didn't plan on inflation and he is in the poor house.
George
 
In the early 80's before I was old enough to drive I worked for a local farmer, learned how to plow, disc, drag, mow, rake and tead hay. We unloaded baled hay and put it up. He usually paid me $75.00 when the milk check came in, which I saved until I could buy a chainsaw, then I cut fence posts for him and other neighbors. That seemed like a lot of money then for a teenager. It may not have been a lot by todays standards, but I learned more than the pay.
 
George Marsh,

Wow. Amazing. And scary to even think what prices will be in another 50 years.

Husband and I both had factory jobs when we first got married 27 years ago. We started out at $4.25 per hour - mimimum wage at that time. Seems to me that we had a lot more purchasing power at that time, than we do now at about 4-5 times the wages. Crazy.
 
About 40 years ago I quit milking cow and got a job with a commerical freightline. I started out at about $7.00 an hour. My first week pay check from driving was more than I ever made in three weeks of milking cows. I also went into truck gardening on the side. Made good money the first 15 years but the last 23 years was a slow down hill slide due to new regulations and the economy.
 
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