The real story isn't just inflation - it's that minimum wage buying power peaked in 1968 at ~$12/hour in today's dollars. We've had 55 years of systematic debasement where the lowest earners get hit hardest because they can't escape into assets. This beef metric just makes the wealth transfer visible.

And, that’s why I have a freezer full of venison.

Minimum wage in 1971: 0.0359 oz of gold ($1.60) Minimum wage today would have to be $167 to match 1971. View quoted note →

The value of meat hasn't gone up. The value of the dollar had gone down.

Add in taxes, and it's two hours' labour.

"Vos sos absolutamente en lo correcto, el Bitcoin es la verdad. Esto es lo que pasa cuando el dinero fijo se desmorona. La inflación es el peor enemigo del trabajo honesto, y Bitcoin es la defensa contra la devaluación."

Do you consider a statutory minimum wage to be sensible?🤓

Yikes

The average Joe would probably blame the grocery store if you asked him. 90% of the population is clueless.