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<p>[QUOTE=&quot;NorthKorea, post: 1595049, member: 29643&quot;]Inflexion, the reason I only cited data from the 90s onward was the specific issue of US Eagle bullion. When 1/2 oz of silver was equal to a day&#039;s work, we had yet to find methods of extracting silver. As such, it was whatever could be found/melted.</p><p><br /></p><p>Also, if we look at developing nations in Asia, some people still make less than 1/2 oz of silver for a day&#039;s work. Thailand, for example, passed a 300 baht minimum wage law that is being fought by employers outside of Bangkok. Why? The landowners that &quot;hire&quot; farmers at 250 baht per day really can&#039;t afford to pay a 20 percent raise.</p><p><br /></p><p>So, for workers doing laborious work similar to that which paid 1/2 oz for 12 hours of work in ancient times, the rural developing nations labor costs are about the same (~$1 per hour of work), if not worse than they were &quot;back in the day.&quot;[/QUOTE]</p><p><br /></p>

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