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12/03/2026 4:52 pm
@georgeschire You're exactly right.
The Federal minimum wage in 1938 was .25 cent per hour. If you were making .90 cents per hour (considered decent money ) that was $7.20 a day/ $36 a week/ almost $2,000 a year. In 1938, a doctor's yearly salary averaged $3,600.
What will folks say 100 years from now? "Wow! In 2026, one could get a really nice new vehicle for just $65,000.... can you imagine that?"
Jack Dodds reacted
12/03/2026 6:25 pm
@georgeschire You're exactly right.
The Federal minimum wage in 1938 was .25 cent per hour. If you were making .90 cents per hour (considered decent money ) that was $7.20 a day/ $36 a week/ almost $2,000 a year. In 1938, a doctor's yearly salary averaged $3,600.
What will folks say 100 years from now? "Wow! In 2026, one could get a really nice new vehicle for just $65,000.... can you imagine that?"
And that's the scary part. Where is the ceiling? I mean, 100 years from now will a person have to make $20,000,000.00 a year to afford cars and houses, etc.? It's always been a vicious cycle, as people want to make more money, thus a business has to charge more for their products to offset the higher salaries. So again, where is the ceiling?
George Schire
Oakdale, Minnesota
Christopher Moroni reacted
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