Adjust by gold to see the real inflation numbers.
Minimum Wage History •
Average Wage Index (SSA) •
Historical Housing Prices (HUD)
Put in your hourly wage and see how much it compares to minimum wage in 1970, the year before they left the gold standard
Put in the price of your parents' house and the year they bought it, and then put in their hourly wage of the same year.
Minimum wage was $1.60 an hour in 1970, right before we left the gold standard
Housing prices havent increased if you adjust for gold, they are the exact same prices that they were in 1920