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John Dingle
Bloomberg Television
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Comments by "John Dingle" (@johndingle6293) on "Fed's Bullard Warns US Risks Repeat of 1970s Inflation" video.
$5 foot long subways is now $10 foot long subway.
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$5 became $3 real quick.
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1965 minimum wage $1.50. 1 ounce of gold was $35.50.
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How long does it take you to earn 1 ounce of gold? Anyone could in a week of work in 1965. Now it takes 2x 3x as long on minimum wage.
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@jamesbowman1767 it's very difficult to keep value of human labor high. As technology constantly erodes the value of human labor.
1
@jamesbowman1767 unabomber did have a point. He just had difficulties getting his point across. Lol
1