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> He traded to get a 5-cent raise. A five cent raise in today's currency or back then? Per hour or week? Assuming it's hourly, if it's from "then" could you
by dvtv75 9y ago
> He traded to get a 5-cent raise.
A five cent raise in today's currency or back then? Per hour or week?
Assuming it's hourly, if it's from "then" could you convert it to modern currency, or present it as an percentage increase so we can understand what kind of relative increase that was?
Five cents sounds like nothing today, but 70 years ago it would have been significant.
- bzbarsky 9y agoAccording to https://www.bls.gov/data/inflation_calculator.htm https://www.bls.gov/data/inflation_calculator.htm $0.05 in 1930 works out to $0.73 today. Figuring out a percentage increase is a bit complicated without knowing how much mod's grandfather earned. According to https://www.archives.gov/publications/prologue/2012/spring/1940.html https://www.archives.gov/publications/prologue/2012/spring/1... in the 1940 census average (yes, not median) annual income was $1368, which works out to $24,505 in 2018 dollars, or $12.25/hour assuming 40 hour weeks and 2 weeks of vacation. So at a guess, $0.05/hour was less than a 10% raise, but more than 1%. I expect it was /hour, not /week, because weekly wages would have been in the ballpark of tens of dollars. Disclaimer: I am not mod, and this is not my grandfather we're talking about.
- mod 9y agoThis happened when my father worked at the same factory, so it was all the way in the 60s. My father passed up on the same job because he didn't think it was worth the raise. He's the one that tells the story--the entire thing was not noteworthy to my grandfather.