Last poster wins!

[SixFoot]

I’ve been making this point for years around here (adjusting for market value each time). People would rather have 15 fake dollars every hour.

Using Government to Force

The government trying to dictate a “living” wage for burger flippers is the same government that destroyed its Gold and Silver currency. A 1960 silver quarter is 5.625 grams of silver and 0.625 grams of copper. In terms of silver, 1 gram is worth $0.56 at bid price on the market today. 5.625 * 4 * 0.56 = $12.60 Interestingly enough, the minimum wage was 4 silver quarters every hour in 1960. It stinks like Stockholm Syndrome in here.

Restaurants investing in technology instead of paying people higher rates

Oh no worries, lumber prices are already killing those. It’s a money problem. In 1964 (the year before they stopped making silver quarters), the minimum wage was $1.25 per hour. A 1964 silver quarter weighs in at 6.25 grams and is 90% silver and 10% copper. 5 silver quarters comes out to 28.125 grams of silver and 3.125 grams of copper. Leaving out the 3 grams in copper, the current market value that I’m looking at, for those same 5 quarters, is $‭23.90 in silver. What’s a copper-nickel …

Why doesn't anyone push for significantly more than the proposed $15/hour minimum wage?

In 1964 (the year before they stopped making silver quarters), the minimum wage was $1.25 per hour. A 1964 silver quarter weighs in at 6.25 grams and is 90% silver and 10% copper. 5 silver quarters comes out to 28.125 grams of silver and 3.125 grams of copper. Ignoring the copper (sorry tweakers), the market value of silver on 2/2/2020 was $0.87 per gram. 28.125gr * $0.87 = $24.46 What’s a modern copper-nickel alloy quarter worth these days? 25 cents? [tenor]

Income equality. Where to start

In 1964 (the year before they stopped making silver quarters), the minimum wage was $1.25 per hour. A 1964 silver quarter weighs in at 6.25 grams and is 90% silver and 10% copper. 5 silver quarters comes out to 28.125 grams of silver (roughly one ounce) and 3.125 grams of copper. Leaving out the ~3 grams in copper, the current bidding price for 28.125 grams of silver is ~$15.25. What’s a copper-nickel alloy quarter worth these days? 25 cents?

When This Is Over

The money isn’t real anyway. In 1964 (the year before they stopped making silver quarters), the minimum wage was $1.25 per hour. A 1964 silver quarter weighs in at 6.25 grams and is 90% silver and 10% copper. 5 silver quarters comes out to 28.125 grams of silver and 3.125 grams of copper. Leaving out the 3 grams in copper, the current market value that I’m looking at, for those same 5 quarters, is $13.03 in silver. It was $18.99 this past February. What’s a copper-nickel alloy quarter wor…