• Side note.

    Back in 1960, minimum wage was $1.00/hour and a new Jaguar was about $6,000.00

    If a minimum wage worker really wanted one, he could buy a supercar. $1.00 x 40 x 52 =2,080. Three years ot buy the car.

    $15.00 x 40 x 52 = 31,000. Ten years work to buy that car.