The average salary during the Great Depression was approximately $1,045, which, when adjusted for inflation in 2023, would amount to about $24,526.07. This starkly contradicts the inflated numbers presented in recent social media shares, which mislead viewers into believing that people during the Great Depression had higher earnings than the average salary today.
The federal minimum wage of $0.25 in 1938 would only equate to $5.43 in today’s dollars.
Economist Murray Rothbard: “…average weekly earnings fell by over 40 per cent during the depression, and real weekly earnings fell by over 30 per cent.”
Better a poor and wise youth Than an old and foolish king who will be admonished no more. Ecclesiastes 4:13
Question:
Or what king, going to make war against another king, does not sit down first and consider whether he is able with ten thousand to meet him who comes against him with twenty thousand? Luke14:31
Answer:
A king who watches too much FOX TV, reads too many Marvel comics, pays attention to the New York Times, and watches too many Hollywood political thrillers.
The narrow strait is the most important chokepoint for the world's oil supply. Some 21 million barrels — or $1.2 billion worth of oil — pass through the strait every day.
Will a closed Strait hurt Iran? In terms of international oil sales, yes, but in terms of daily life, no. Iran pumps 3.5 million barrels of crude oil per day. The situation at this hour: