I forget where I came across this, but it seemed worth sharing rather than just discarding it since there’s been lots of talk about raising the minimum wage lately, but far too little talk about the value of money.
Of course, there’s a lot more to this story than just the price of silver and it’s worth remembering that, in recent years, much of the commodity price increases that have been seen have not been passed through to the consumer as they once were. Nonetheless, it is an interesting comparison with 50 years ago.