just for fun... 1938 prices

@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?" 

Posted by: @chris

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@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?