the federal minimum wage in 1971 was $1,60. the mean wage was $4 per hour. at $3000, this means it would cost you 750 hours to buy the car with the mean wage. 1875 hours at minimum wage. a ford f-150 costs $38960 today, base spec. today's minimum wage is $9 per hour. at $38960, it will cost you 4238 hours to buy the car. that's an effort-inflation of 226%. today's mean wage is closer to $25 iirc. that's 1558 hours, which is an effort-inflation of 207% relative to the 1971 mean wage. these are hard facts. if anyone wondered why common core destroyed people's ability to do math, this is one of the reasons why. if you start doing competitive math between the generations, you'll find way more discrepancies like this.
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