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[-] TowardsTheFuture@lemmy.zip 31 points 6 days ago* (last edited 6 days ago)

https://www.historicalstatistics.org/Currencyconverter.html says in 1843 apparently 1 shilling was about 24 cents (1 pound=$4.79 and 20 shillings=1 pound so divided by 20 to get it), so 24*15 is $3.60. Adjusted for inflation using https://www.mortgagecalculator.org/calcs/inflation.php for 1843 to 2022, then https://www.usinflationcalculator.com/ for 2022 to 2025, and I end with 155.69 a week, or $8095.88 a year or $3.89/hr assuming a 40hr work week.

EDIT: Brain went and did 52 months not weeks.... wild.... sorry, fixed it.

Edit 2: Just a note my calculations are only directly based off consumer price index based inflation, which does not take a lot of things into account. There are other ways to value inflation, which they could have been using.

[-] Onomatopoeia@lemmy.cafe 15 points 6 days ago* (last edited 6 days ago)

And according to the Bureau of Labor (and some other sources) the median hourly wage in the US for non-supervisory (eg non-exempt) workers is around $34/hr.

The average (mean) is $36.67.

Of course these are heavily influenced by high COL areas, but if you lookup distributions, most people fall in the $24-$35 area of the curve, with only the 10th percentile making under $15. That suggests there aren't many jobs paying that kind of money (or the distribution would look different), and that 90% of jobs pay above $15, with 80% paying above $20.

this post was submitted on 05 Dec 2025
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