Cryptocurrency in simple details.

[Spongebob]

Perhaps you meant $100/hr instead of $10/hr ?

My parents bought a house for $8,000 in 1962 (or so) on a salary of $4000/yr.  It would be worth $400,000 today.  That is 50 times, when the salary has only gone up around 25x.  So, its a 2-1 difference.

Yes, you got my point better than I presented it.  A very basic skilled job, like a mechanic or a painter, could earn enough 60 years ago to do all the things that a really good white collar job will get you now.  My father was a line worker in a furniture factory for years and we did just fine.  I got a college degree and a job with a fortune 500 company and still live at about the same standard of living.  And that's with my wife working as well.  We were fortunate that our children were smart and hardworking enough to earn good scholarships for college.  Tuition when I went to college was $1,200/semester.  Today at that same school its $25,000.  And that was a state school.