in 1905...

[rh71]

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).

 

[Al Neri]

Originally posted by: krcat1

Originally posted by: SilentZero

Originally posted by: Alkesh
in 1905, diarrhea had you!

Now that is funny!

The people who died from diarrhea were most likely infants or young children.

or dysentary from lack of pasturization

 

[dullard]

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]

All of the money related ones are fairly worthless. We'd need an adjustment for inflation.

 

[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.

 

[Al Neri]

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]

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]

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.