Actually, you get payed far more. A steelworker in 1975 made on average $7.11.[1] This is about $31.47 in 2016 dollars. Not bad at all, but I'm still guessing you make more.
[1] http://articles.mcall.com/1985-07-19/news/2489404_1_steel-in...
[1] http://articles.mcall.com/1985-07-19/news/2489404_1_steel-in...
I estimate he made probably close to $200k, in 2016 dollars. And, he wasn't even a 'lead'. In total compensation, he made more than I do. And, IIRC, CPI inflation calculations don't account for home inflation, and we all know that housing costs as a portion of total household spending was much, much less than it is today.
31.47 * 50 wks (2wks vaca) * 5 * 8 (a work day) = $62,940