Message from @Karnivore
Discord ID: 675533620139524096
except now you have solar, wind, generators, and the likes
in 1920 you could literally work as a store clerk and buy a house 5 years later
now if you work as a clerk you won't even be able to afford to rent a 1 bedroom apt
you also didn't need degrees to get most jobs
I'm not sure I ever knew what an average store clerk pay was in 1920
Well a medium sized house would only cost $1000 back then
in the city
Anyone here vc?
@진수 (James) sometimes
In other words, $1,000 in 1920 is equivalent in purchasing power to about $12,848.70 in 2020, a difference of $11,848.70 over 100 years. The 1920 inflation rate was 15.61%.
So imagine working for 5 years as a clerk at 7/11 in 2020 and buying a house for $12,000 in a major city
I'm looking for data on wages in 1920-ish
they would probably even be higher than wages in 2020 for a clerk
also honestly there is no cure for flu or viruses either these days
the only thing that's changed a bit is better sanitation
some vaccines have worked but most aren't effective and lower your immune system
yes, sanitation and practices are the key game-changers
I'm seeing average weekly wages like:
bakers $25
Brick mining $15
clerical office work $15
engraver $25
meat packing $18
painters $28
textile worker $7
construction $11
iron worker $28
anyway, you get the picture
do you not understand?
with inflation that's a lot of money
stating what I have just read requires no understanding
I have only stated what I have just read
I have yet to even say anything about it
$28 would be $380.70
in todays money
so you could more than afford to buy a home for 12,000 within 5 years
The inflation rate calculation looks good.
What do you think food cost in 1920?
To feed your family for a year.
i think it would cost much less than today