Thursday, September 25, 2008

100 Years ago (1908)


We all have probably seen the email about "100 years ago, here is what people made and what things cost," but this one includes adjustments that compare those prices to what it would be in 2008. I think you may be surprised...

THE YEAR 1908

This will boggle your mind, I know it did mine!
The year is 1908.
One hundred years ago.
What a difference a century makes!
Here are some statistics for the Year 1908 :

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The average wage in 1908 was 22 cents per hour.
-- $5.11 in 2008 dollars based on the Consumer Price Index (CPI) method

The average worker made between $200 and $400 per year ..
-- $4,648.92 to $9,297.85 based on CPI
-- $19,939.02 to $39,878.05 based on the value of unskilled labor over time

A competent accountant could expect to earn $2000 per year,
-- $46,489.24 (CPI)

A dentist $2,500 per year,
-- $58,111.55 (CPI)

a veterinarian between $1,500 and $4,000 per year,
-- $34,866.92 to $92,978.48 (CPI)

and a mechanical engineer about $5,000 per year.
-- $116,223.09 (CPI)

Sugar cost four cents a pound.
-- 93¢ a pound (CPI)

Eggs were fourteen cents a dozen.
-- $3.25 a dozen (CPI)

Coffee was fifteen cents a pound.
-- $3.49 a pound (CPI)


Special Thanks to Timothy L. Taylor, Technology Coordinator, Marion School District, for his work on adding in the CPI calculations and "keeping it real..."

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