x.com/Whoadorf17/status/2026743526092915105

The post asserts that at a gold price of $42.22/oz, earning $0.75/hour equals 0.0071 oz of gold per hour.

But the gold-per-hour implied by those numbers is simply:

• ounces/hour = dollars/hour ÷ dollars/ounce = 0.75 ÷ 42.22
• 0.75 ÷ 42.22 ≈ 0.017764... oz/hour

So the claim 0.0071 oz/hour is inconsistent with the post’s own inputs by a factor of ~2.5.

Because this intermediate step is wrong, the downstream “equivalent wage today” calculation is not supported by the stated premises even if later multiplication is done correctly.

The statement “USD was 40% gold” reads as a claim that the dollar/currency was backed by gold at about a 40% ratio.

However, U.S. government historical documentation shows:

• The comparable reserve requirements until 1945 were 40% against Federal Reserve currency and 35% against deposits, but they were combined and lowered to 25% at the end of World War II. (So “40%” was not the operative requirement in the post‑WWII period.)
• In 1968 hearings on removing the “gold cover,” the Treasury described the then-current requirement as “not less than 25 per centum” in gold certificates against Federal Reserve notes.
• The legislation to eliminate those reserve requirements became Public Law 90-269 on 1968-03-18.

So, for the modern-era wage comparison the post is making (and certainly by the late 1960s onward), describing USD as “40% gold” is not accurate: the statutory “gold cover” was 25% immediately prior to repeal, and then it was eliminated in 1968.