in 1905...

Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

rh71

No Lifer
Aug 28, 2001
52,844
1,049
126
Originally posted by: TitanDiddly
Originally posted by: KingofCamelot
Originally posted by: rh71
- Canada passed a law that prohibited poor people from entering into their country for any reason.

:laugh:

US needs to do this today, then enforce it.
Poor people will work a lot harder than a lot of people already here... and cheaper too (undoubtedly, you don't mind paying less for laborers working on your property).
 

dullard

Elite Member
May 21, 2001
26,074
4,725
126
Originally posted by: Syringer
WTH!?? Mechanical engrs make more than vets and 2x that of dentists? How did we lose so much prestige and wages over the years?
Supply and demand my dear ATOT poster. Supply and demand. Anyone can get a mechanical engineering degree at any time. Too much supply. With fixed demand, the salary drops.

Doctors can only get their degree from very limited selection of medical schools which arbitrarilly keep many of the top students in the world out. Supply of doctors is kept small. There is plenty of demand. Salary rises to compensate.

 

TallBill

Lifer
Apr 29, 2001
46,017
62
91
All of the money related ones are fairly worthless. We'd need an adjustment for inflation.
 

dullard

Elite Member
May 21, 2001
26,074
4,725
126
Originally posted by: TallBill
All of the money related ones are fairly worthless. We'd need an adjustment for inflation.
You just can't reliably do inflation adjustment over 100 years. For example, the P4 computer I'm using now cost quite a bit in 1905. ;)

The best you could do is an income adjustment. Average income went up roughly 100 times, so multiply those prices by roughly 100 to see what how prices changed as percent of income.
 

Al Neri

Diamond Member
Jan 12, 2002
5,680
1
81
Originally posted by: TallBill
All of the money related ones are fairly worthless. We'd need an adjustment for inflation.

Not necessarily, they're not.

There's enough examples to use as a basis when comparing.
 

rh71

No Lifer
Aug 28, 2001
52,844
1,049
126
Originally posted by: Triumph
Originally posted by: dandruff
Originally posted by: rh71
- Eggs were fourteen cents a dozen.

still applies somedays at the local pricechopper ... prolly the only thing ...

But if eggs cost 14 cents/dozen and the average hourly wage was 22 cents, then shouldn't eggs now cost like 8 bucks a dozen?
exactly, can't simply adjust for inflation.
 

TallBill

Lifer
Apr 29, 2001
46,017
62
91
Originally posted by: dullard
Originally posted by: TallBill
All of the money related ones are fairly worthless. We'd need an adjustment for inflation.
You just can't reliably do inflation adjustment over 100 years. For example, the P4 computer I'm using now cost quite a bit in 1905. ;)

The best you could do is an income adjustment. Average income went up roughly 100 times, so multiply those prices by roughly 100 to see what how prices changed as percent of income.

That'd work.