11 ms·
I was going to post the same thing! But I'm glad I didn't because now I get to post on the remarkable coincidence that the price is almost exactly the same - $5
by javajosh 3y ago
I was going to post the same thing! But I'm glad I didn't because now I get to post on the remarkable coincidence that the price is almost exactly the same - $5000 in today's dollars. It's an interesting sum, from the perspective of say, American minimum wage (which is approx $30k/year). It's painful, but doable. It's probably the amount most ordinary lower-middle and middle-class people pay for a (used) car. I wonder how the USG came up with the figure, and if their thinking was the same as Egypt's?
This reminds me of a sitcom line from some years ago where a business exec comes in an offers (Drew Carrey maybe?) $10,461 or something like that and he asks "Why that amount?" and she says, "Oh, we spent $10M figuring out how much money poor people would think is a lot."
- gumby 3y agoIt's about 11K: https://www.in2013dollars.com/1860-dollars-in-2017?amount=1 https://www.in2013dollars.com/1860-dollars-in-2017?amount=1