Minimum Wage in 1964 was $1.60, paid in 90% silver coins or paper equivalent, 22.5g silver. If they kept the silver standard and did not raise minimum wage since then, today’s minimum wage would be :
https://www.wolframalpha.com/input?i=%28current+silver+price%29*%2822.5%2F31.1035%29*1.6*oz+t%2Fhour
Next time you hear someone older say “I paid my way through Harvard washing dishes at night making minimum wage” or “Gasoline used to be a quarter a gallon” (it’s cheaper now, those quarters buy three or four gallons today), this is why. Prices haven’t risen, the money has been debased and diluted. You are buying a pint of beer and getting a shot of beer in a glass full of water. Thank you for playing.