So then on Oct 24, 1938, when minimum wage was $0.25 an hour
Gold was $34.85 an ounce you worked for 139.4 hours to make an ounce of gold.
Today gold is $1637 an ounce (plus change)....at 7.25 an hour you have to work 225.79 hours to make an ounce of gold.
Am I correct in thinking that the equivalent minimum wage would be $0.15 cents an hour?
No wonder I'm so tired.