Minimum wage by week? Looks like it was $1.60/h minimum, barely less than the $2.13/h now despite the excessive inflation.
Geez you guys used to be a real country lmfao.
Discussion
In 1971 after a 40hr work week you could go buy 1.82oz of gold.
Gold was $35 an ounce at the time.
The dollar was still pegged to gold for the majority of 1971.
The Petro dollar was created in August of 1971.