Another Day Another Dollar

Shtajerc

Ad Honorem
Jul 2014
6,608
Lower Styria, Slovenia
#1
I guess we all know the sayings "another day, another dollar" and "a day late and a dollar short", implying that the average worker would make 1 dollar per day. My question is, in what time period was this really the case?

Thanks
 

betgo

Ad Honorem
Jul 2011
6,107
#4
Until 1933, the value of the dollar was tied to the price of gold. Inflation got serious at the beginning of WWII. Wages went up by about a factor of 4 between 1940 and 1960. The worst inflation was in the 1970s.