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I think using annual salary is a reasonably fair assessment. Assuming it was $50k in today's dollar, the the company's valuation is more reasonable at $20 bill
by pcurve 8y ago
I think using annual salary is a reasonably fair assessment. Assuming it was $50k in today's dollar, the the company's valuation is more reasonable at $20 billion.
- Isamu 8y agoI agree with the spirit of what you are getting at. Except that it's not fair to simply assume that a good salary was roughly similar in terms of purchasing power across the a few centuries. In fact at that time middle income people were much poorer in terms of what they were able to consume, purchase, and barter.
- CydeWeys 8y agoAs one example, the power loom didn't exist until the late 18th century. Before then, clothing was really expensive because an unbelievable amount of hand labor had to go into it. The average person did not own a lot of clothing, and the clothing they did have cost them relatively a lot of money.
- mtnGoat 8y agoWhich is also where the term "selling the shirt off your back" came from. Back in the days when clothing was worth a lot more, you could actually trade your clothes for stuff in a pinch. Nowadays clothing ain't worth much.
- aasasd 8y agoI finally get to ask someone directly: in “the a few centuries,” are the two articles considered valid English or is it a mistake?