tag:blogger.com,1999:blog-1406088964942152547.post5018590435944373307..comments2024-03-28T16:16:48.699-04:00Comments on The Abode of McThag: Minimum WageAngus McThaghttp://www.blogger.com/profile/09295013525738248801noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1406088964942152547.post-68910392844221009222017-06-28T00:11:13.715-04:002017-06-28T00:11:13.715-04:00I saw one of these comparing a loaf of bread and t...I saw one of these comparing a loaf of bread and the price of a basic standard automobile to gold. And the price for those things in gold stayed pretty constant; we apparently never actually left the gold standard, we just stopped admitting to it.Siegehttps://www.blogger.com/profile/04745434959272272759noreply@blogger.comtag:blogger.com,1999:blog-1406088964942152547.post-9850095262553117012017-06-26T23:23:28.630-04:002017-06-26T23:23:28.630-04:00I don't have 1938 pint prices, but I do have 1...I don't have 1938 pint prices, but I do have 1952!<br /><br />In '52 the average price of a pint was 65¢ ($6 today). Gold was $38.70 ($357.40) an ounce, so a pint was 1.68% the price of gold.<br /><br />Today the average price of a pint is $3.99 (43¢ in '52) or 0.32% the price of gold.<br /><br />Craft beer averages more like $7 a pint, or 76¢ in '52 or 0.56% the price of gold.<br /><br />Beer is cheaper now than then because it's cheaper to grow the ingredients than it used to be and it's cheaper to transport than it used to be.Angus McThaghttps://www.blogger.com/profile/09295013525738248801noreply@blogger.comtag:blogger.com,1999:blog-1406088964942152547.post-53670302690977825902017-06-26T18:44:13.196-04:002017-06-26T18:44:13.196-04:00Ah! But how do the prices of really important thin...Ah! But how do the prices of really important things, like beer, compare?JFMhttps://www.blogger.com/profile/01204566508793862175noreply@blogger.com