Food ad from 1955, September. If you adjust for inflation $1 in 1955 is worth $8.90 today. So a sale price for women's shoes at $3.49 means they are $31.08. No wonder one had good shoes and work shoes and not a closet full of shoes. But the minimum wage in 1955 was $1.00 so that meant even the bagger at the grocery store was making the equivalent of $8.90 today.