However, you were paid in silver. $1.25 in 1963 quarters is 0.904 ounces of silver. Each 1963 Washington Quarter contains 0.1808 ounces of silver. Today, 0.904 ounces of silver is worth $65
So the real minimum wage in 1963, if you were being paid in REAL SILVER MONEY instead of fiat, was $65 today. So the minimum wage should be $65 today. But it is only what? $7.25? LOL And what does $7.25 get you? 0.10 ounces of silver or 1/9 as much as you'd get paid per hour in 1963.
When boomers were in their twenties working entry level jobs they were being paid 9x as much per hour for entry level jobs when you consider they were being paid in REAL SILVER MONEY.
The Coinage Act of 1965, Pub. L. 89–81, 79 Stat. 254, enacted July 23, 1965, eliminated silver from the circulating United States dime (ten-cent piece) and quarter dollar coins. It also reduced the silver content of the half dollar from 90 percent to 40 percent; silver in the half dollar was subsequently eliminated by a 1970 law.
What happened just prior to this date?
And which politicians opposed the Coinage Act of 1965 and were they attacked?
The Federal Minimum Wage in 1963 was $1.25
However, you were paid in silver. $1.25 in 1963 quarters is 0.904 ounces of silver. Each 1963 Washington Quarter contains 0.1808 ounces of silver. Today, 0.904 ounces of silver is worth $65
So the real minimum wage in 1963, if you were being paid in REAL SILVER MONEY instead of fiat, was $65 today. So the minimum wage should be $65 today. But it is only what? $7.25? LOL And what does $7.25 get you? 0.10 ounces of silver or 1/9 as much as you'd get paid per hour in 1963.
When boomers were in their twenties working entry level jobs they were being paid 9x as much per hour for entry level jobs when you consider they were being paid in REAL SILVER MONEY.
What happened just prior to this date?
And which politicians opposed the Coinage Act of 1965 and were they attacked?