Message from @Karnivore
Discord ID: 675536865822113831
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
also if you owned property back then it wouldn't be uncommon to grow your own vegtables and live stock
true, but the work would still need to be done by you
more like $4,000 to $6,000 was the median cost of a house in Atlanta, in 1920
(I didn't pick Atlanta, the article simply is about Atlanta)
that means that your $4,000 to $6,000 house in 1920 would be $53,171 to $79,757, when adjusted.
According to the article, the median cost of a house in Atlanta now is $264,500.
Definitely some disparity there.
3x-5x more is pretty huge difference in price
new cars were much cheaper, relatively speaking
$260 for a new car in 1920
adjusted for inflation, makes that around $3500, in 2020.
while in 2020, average price of a new car is $34000
nearly 10-fold
going back to your $380/week (adjusted for inflation) iron worker pay
that would be 380x52=$19,760 per year (adjusted for inflation)
also, minimum wage in 1925 was something like 16 cents per hour
(at least in 25 or so states)
Also not only are your numbers wrong
you would make an average of about $1 per hour which would be $40 a week
but you are picking a single city
please pinpoint my incorrect numbers
so that I can have another look at what I've read