To the editor:
RE: Why is housing “unaffordable” for working Americans?
In 1964 the minimum wage stood at $ 1.25 per hour. That is the equivalent of five U.S. quarters. Pre 1965 quarters were 90% pure silver. Today the melt value of a 1964 quarter is approximately $ 6. If you were paid five pre-1965 quarters today, you would be holding approximately $ 30 in your hands. A living wage?
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