Message from @Karnivore

Discord ID: 675535308418318336


2020-02-08 02:49:04 UTC  

bakers $25

2020-02-08 02:49:16 UTC  

Brick mining $15

2020-02-08 02:49:25 UTC  

carpenters $27

2020-02-08 02:49:37 UTC  

clerical office work $15

2020-02-08 02:49:58 UTC  

engraver $25

2020-02-08 02:50:15 UTC  

meat packing $18

2020-02-08 02:50:21 UTC  

painters $28

2020-02-08 02:50:36 UTC  

textile worker $7

2020-02-08 02:50:47 UTC  

construction $11

2020-02-08 02:50:56 UTC  

iron worker $28

2020-02-08 02:51:02 UTC  

anyway, you get the picture

2020-02-08 02:51:19 UTC  

do you not understand?

2020-02-08 02:51:42 UTC  

with inflation that's a lot of money

2020-02-08 02:51:44 UTC  

stating what I have just read requires no understanding

2020-02-08 02:51:51 UTC  

I have only stated what I have just read

2020-02-08 02:52:00 UTC  

I have yet to even say anything about it

2020-02-08 02:52:27 UTC  

$28 would be $380.70

2020-02-08 02:52:30 UTC  

in todays money

2020-02-08 02:52:42 UTC  

so you could more than afford to buy a home for 12,000 within 5 years

2020-02-08 02:55:26 UTC  

The inflation rate calculation looks good.

2020-02-08 02:56:08 UTC  

What do you think food cost in 1920?

2020-02-08 02:56:13 UTC  

To feed your family for a year.

2020-02-08 02:57:40 UTC  

i think it would cost much less than today

2020-02-08 03:00:11 UTC  

also if you owned property back then it wouldn't be uncommon to grow your own vegtables and live stock

2020-02-08 03:00:40 UTC  

true, but the work would still need to be done by you

2020-02-08 03:02:19 UTC  

looks like houses were not as inexpensive as you said ($1000)

2020-02-08 03:02:46 UTC  

more like $4,000 to $6,000 was the median cost of a house in Atlanta, in 1920

2020-02-08 03:03:17 UTC  

(I didn't pick Atlanta, the article simply is about Atlanta)

2020-02-08 03:03:48 UTC  

that means that your $4,000 to $6,000 house in 1920 would be $53,171 to $79,757, when adjusted.

2020-02-08 03:04:46 UTC  

According to the article, the median cost of a house in Atlanta now is $264,500.

2020-02-08 03:05:01 UTC  

Definitely some disparity there.

2020-02-08 03:06:09 UTC  

3x-5x more is pretty huge difference in price

2020-02-08 03:06:55 UTC  

new cars were much cheaper, relatively speaking

2020-02-08 03:07:13 UTC  

$260 for a new car in 1920

2020-02-08 03:07:32 UTC  

adjusted for inflation, makes that around $3500, in 2020.

2020-02-08 03:08:13 UTC  

while in 2020, average price of a new car is $34000

2020-02-08 03:08:30 UTC  

nearly 10-fold

2020-02-08 03:11:39 UTC  

going back to your $380/week (adjusted for inflation) iron worker pay

2020-02-08 03:12:34 UTC  

that would be 380x52=$19,760 per year (adjusted for inflation)

2020-02-08 03:13:40 UTC  

also, minimum wage in 1925 was something like 16 cents per hour

2020-02-08 03:13:51 UTC  

(at least in 25 or so states)