I think that we should be asking what the dollar ( or pound) would BUY, as well. My starting minimum wage was $1.75 in 1972- that would buy about 4 gallons of gasoline, or 6 loaves of bread.

$7.50 will buy almost 4 gallons of gass, now... if you really shop around.


All of the amounts above need to be looked at in view of the real value of the currancy.