4 ms·
$20,000 in 1900 is worth $619,971.43 today, so not sure what your argument is. It's not the raw number value that matters but what people can buy with it.
by cercatrova 6y ago
$20,000 in 1900 is worth $619,971.43 today, so not sure what your argument is. It's not the raw number value that matters but what people can buy with it.
- topkai22 6y agoThe average annual salary in 1900 was in the range of $450. That's about $14k today. What's worse, that when norms dictated a ~60 hour week and households, even at the low end of the spectrum, were often single earner. While "rich" is over stating it, based on purely inflationary measures $20k in 2020 (or $645 in 1900) was not bad pay.
- cercatrova 6y agoSure. We can still do better though.