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You're right to be skeptical, but: > They paid a total of 2 people $50,000. That's over half a million, in today's dollars. With inflation, and whatnot, we g
by ChrisMarshallNY 10mo ago
You're right to be skeptical, but:
> They paid a total of 2 people $50,000.
That's over half a million, in today's dollars.
With inflation, and whatnot, we get numb to what money was, back when.
- jscd 10mo agoOther way around. To quote the article: > To conduct the literature review, the sugar industry paid the Harvard scientists the equivalent of $50,000 in 2016 dollars [...] So it was actually about ~$5,000 in 1965 dollars.
- eru 10mo agoNo, that's already inflation adjusted.
- astura 10mo agoThe $50k is already adjusted for inflation.
- ChrisMarshallNY 10mo agoAh. My bad, then.
- deathanatos 10mo ago… it's $68,404 in today's dollars, according to BLS's inflation calc. (…your figure works out to a 26% per annum inflation rate. The $50k figure is in 2016 dollars — "the sugar industry paid the Harvard scientists the equivalent of $50,000 in 2016 dollars".)