Posted on 04/03/2022 7:06:44 AM PDT by george76
I was there and watched it happen. We had zero inflation in the 50s at least on stuff we could buy, no clue what markets did but I was in High School at the time and for the six years I remember buying lunch, hamburgers were 10¢ and sodas were 5¢. A bowl of stew better known as soup with a little meat in it was also 10¢, chili was 15¢, for the six years I had to buy lunch and my allowance was 25¢ a day.
Mother and dad both worked six days a week, dad was minimum wage earner and mother was considerably less. My first job was 15¢ an hour car hopping and I earned $2.00 a week serving in National Guard moved up to $86.00 a month when I joined Regular Army, life was good.
I remember when they added penny changers to Coke machine only to be quickly replaced with machines that accepted dimes or quarters or two nickels. The penny changers were very problematic but that represented a huge 20% increase and people hardly noticed when the price went to 10¢ so what. Fact is that represented a 100% increase in price but heck it was only a nickel. If gasoline suddenly went from 50¢ to a dollar I can guarantee they would have notice, but it didn't.
I saw it too growing up in WV.
“Tall tree, short rope.”
We need better marketing for that.
How about “Puberty Blocker Blocker”
Madness.
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