This ceases to be an intellectual exercise once you realize:
a) US min. wage was 5 silver quarters ($1.25) in 1963
b) Those 5 silver qtrs are worth $25 now
c) US CPI calculations say that $1.25 is only worth $10.81 now
d) The $14.19 difference☝️has gone to the US top 10%
e) Labor share of corporate profits is near multi-decade lows
f) US political dysfunction is at multi-generational highs, driven in no small part by the highest income inequality in nearly 100 years.
h/t @truflation

2/ This is why I always crack up when people say "Gold isn't used for anything productive", or more recently, "BTC isn't used for anything."
They're used to prevent the state from stealing your finite time, your finite lifetime, from you.

3/ If you think saving your finite lifespan from being stolen is useless, I'm happy to offer you a job at FFTT, where I will pay you 5 million dollars per year, payable at the end of 5 years.
At the end of 5 yrs, I will hand you 25 million Zimbabwe dollars & tell you to GTFO. ;)

4/ "Professor, don't you find it curious China & Russia became Public Enemies #1 & #1A in the Wash DC Beltway shortly after they began converting USDs into gold to prevent what the US did to its own citizens post-1963 happening to them?"
"If I think about it, I don't find it curious at all."