One Last Look At The Real Economy Before It Implodes – Part 3
by Brandon Smith
(Editor’s Note: This installment deals with labor and jobs. And remember…everything you learn here is the bad harvest from sowing seeds of fiat money. Once a monetary unit is decoupled from a source of value, the collapse of the economy is ASSURED. In the history of mankind, there has NEVER been an instance in which a debauched currency survived. NEVER. The Dollar will not be the first to survive…only the most recent to collapse.
When I was a young man in the early 1970s I was a carpenter and builder. I could hire as many journeyman carpenters as I could find for $10 an hour. Not morons with a hammer…real craftsmen who had completed a four-year apprenticeship. In 2015, that same carpenter would have to earn $54 an hour just to have the same buying power he had in 1975. How many carpenters do you know that make $54 an hour today? Multiply that times 2000 hours…a year’s work. That is over $100,000 a year. I challenge you to find me a $100K carpenter.
Therein lies one of the problems that comes with inflation. Prices jump, but wages do not. Read more about this NOW)