A note from Clay
The Coin in My Pocket
This is the coin I carry around for moments when someone starts talking about the minimum wage.
It's a 1963 Canadian silver dollar. Half an ounce of silver. A little tarnished. A little scratched. The kind of patina that comes from being in pockets and palms for decades. It still carries its weight.
At today's silver prices, the metal in this coin is worth about $50 Canadian. The face value is one dollar. Believe it or not, it's still considered legal tender at $1.
Next to it: a modern Canadian loonie. A dollar coin minted in the era of fiat money. Plated steel and brass. The metal value is less than a penny. The face value is one dollar.
Two coins. Same face value. Different worlds.
Would you rather earn one dollar an hour in these, or fifteen dollars an hour in today's money?
Hold the silver coin in your hand. Feel the weight. Then look at the loonie. The math does itself.
A 1963 worker earning one dollar an hour in silver had more purchasing power than a 2025 worker earning fifteen in fiat.
The minimum wage didn't fail to keep up with inflation. The dollar collapsed underneath it.
That's the real story. And it's the story most conservatives never tell when they argue about the minimum wage.
If you want to learn how to dismantle progressive arguments like this one, my membership is where I teach it.
The first 100 founders get in at $8/month locked for life. The price goes to $13 when the door closes. Just over half are gone.
~ Clay