1971 WORKER WORTH $100K NOW
A new cost-of-living analysis is delivering a brutal snapshot of just how far wages have slipped: a full-time minimum-wage worker in 1971 could afford life’s biggest expenses with buying power roughly akin to making $90,000 to $120,000 today. Housing, college, and healthcare were all dramatically cheaper relative to income, the study says, underscoring the widening squeeze on working Americans and the raw clash between stagnant pay and soaring costs.
Ford was a prominent American industrialist and innovator of mass production via the assembly line. His introduction of the Model T automobile revolutionized transportation and made car ownership affordable to many. Though controversial, Ford was undeniably one of the most influential men of the 20th century. He instituted an eight-hour workday in his factories and paid his workers relatively well but also strenuously opposed labor unions. Whom did he employ to intimidate union organizers?
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