Macro Economics - part 1
For many many years, I have had a little statement rolling around in my head. I can't recall where I heard it, but I know it was not an original idea of my own. It goes something like this...
A man's weekly wage can buy a bicycle or a good suit of clothes
A man's monthly wage can buy a reasonable car
A man's yearly wage can buy a luxury car
A man's Half yearly wage will allow him to take a family of four on an overseas holiday
Three years of a Man's wage could buy a small house/home
...and all this was from 100 years ago.
Since then, I have sporadically and randomly searched for this type of reference on the internet but I've come up mostly empty, however I recently read another statement along the same lines, in that an ounce of gold could buy a pound of bread (or about 600 loaves) This has prove to be a lot richer vein to follow, if you can pardon my pun. This thought can be traced as far back as 2,500 years, so maybe after all the wondefull changes in the working man's lot over the past 150 years, things like the 40 hour week,electrical kitchen and household items, better. safer cars, trucks and planes, and of course, flat screen colour TVs computers and the internet. nothing much has changed, and the working man still needs to find an ounce of gold each week (about $1300 at today's prices) to kept his shit together.
I want to say more about this, but it may take time to get my graphics sorted out. Things to think about though, watch the price of gold, and compare it to everything else we need in life, you may also see some similarities
Thought: Why do finance shows on TV always reference the Gold price? Do they know something we don't?
Cheers
A man's weekly wage can buy a bicycle or a good suit of clothes
A man's monthly wage can buy a reasonable car
A man's yearly wage can buy a luxury car
A man's Half yearly wage will allow him to take a family of four on an overseas holiday
Three years of a Man's wage could buy a small house/home
...and all this was from 100 years ago.
Since then, I have sporadically and randomly searched for this type of reference on the internet but I've come up mostly empty, however I recently read another statement along the same lines, in that an ounce of gold could buy a pound of bread (or about 600 loaves) This has prove to be a lot richer vein to follow, if you can pardon my pun. This thought can be traced as far back as 2,500 years, so maybe after all the wondefull changes in the working man's lot over the past 150 years, things like the 40 hour week,electrical kitchen and household items, better. safer cars, trucks and planes, and of course, flat screen colour TVs computers and the internet. nothing much has changed, and the working man still needs to find an ounce of gold each week (about $1300 at today's prices) to kept his shit together.
I want to say more about this, but it may take time to get my graphics sorted out. Things to think about though, watch the price of gold, and compare it to everything else we need in life, you may also see some similarities
Thought: Why do finance shows on TV always reference the Gold price? Do they know something we don't?
Cheers
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