Everyone
1 pound = 20 shillings.
1 GBP in 1843 is worth £104.72 now (https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator)
104.72/20*15=78.54
£78.54 = $99.55USD
99.55/40 (hrs per week) = $2.49USD per hour
Or less, given he likely worked more than 40 hours per week.
But I think we can say that $2.50/hr is a very Scrooge-like wage, and that OP has no fucking clue how to do basic math.
EDIT:
However, from https://www.measuringworth.com/calculators/ukcompare/relativevalue.php
1GBP in 1843:
in 1843 there are four choices. In 2021 the relative:
- real price of that commodity is £104.40
- labour value of that commodity is £862.70
- income value of that commodity is £1,409.00
- economic share of that commodity is £4,601.00
Stooooop! You’re ruining it!
I 100% believe you. This definitely looks like math.
he likely worked more than 40 hours a week.
a quick Google tells me it was 52 hours / week, which was likely 6 day weeks - so roughly 8-9 hours a day mon thru Saturday
Interestingly, the numbers I found said that Americans at the time worked on average 70 hours / week.
How did you jump from 78.54 to 64.13?
Oops! Thanks for that. Initially I used 1841 as the year, and later found out it should have been 1843. For some reason there was a huge change in value between 1841 and 1843. That 64.13 was just a leftover I forgot to replace. Fixed!
How do you go from 78.54 (modern pounds equivalent to 15 shillings) to 64.1325? I don’t understand that step.
Oops! Thanks for that. Initially I used 1841 as the year, and later found out it should have been 1843. For some reason there was a huge change in value between 1841 and 1843. That 64.13 was just a leftover I forgot to replace. Fixed!
In the 1840s, 15 British shillings would have been equivalent to approximately $3.63 in U.S. dollars at the time. Adjusting for inflation, this amount is equivalent to about $123.24 in today’s U.S. dollars.
If someone earned an amount equivalent to $123.24 per week in today’s dollars, the daily rate for this income would be approximately $17.61 in today’s U.S. dollars.
Your math is weird. Why are you talking about daily rate, when OP is talking about weekly and hourly?
Where did you get your inflation conversion from? I got my numbers from the Bank of England, and it’s about $100usd, not $123usd. 25% margin of error is way off.
$2.49usd per hour is the right answer.
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This was a beautiful comment on the topic of wage disparity and how businesses use tips to pay their staff.
“Butbut everyone has a fridge!”
Yea, so does every landfill. Just because we can produce a shitload of things does not magically mean certain people are incapable of taking way too big of a cut.
If Cratchit worked 40 hours a week, then his weekly wage translates to 16.18 pounds per hour, or $20.49/hour.
If Cratchit worked 65 hours a week, which is more likely considering he was overworked during a time in which workers were expected to work more than 60 hours a week, then his weekly wage translates to 9.95 pounds hour, or $12.60/hour.
Thank you. Nuance matters
Thank you for the source. Their context helps.
I’d love to see a third option. But I’m lazy and dumb. What was that equivalent in gold ?
Why does the working class, the largest class, not simply eat the smaller class?
I genuinely don’t believe this math
Smart, OP has a reputation for posting memes that are wildly incorrect/dishonest.
Weird flex to side with Scrooge. I believe your complaint is with Melanie D’Arrigo.
Siding with reality, thanks! My complaint still lies with you, as ignorance is not an excuse to repeatedly post straight lies. You can be better.
What’s the lie? It’s not my tweet, or my math. I took it at face value, and others in this thread have confirmed that it is fairly accurate. You don’t like me, that’s fine. But making shit up because you don’t like me is petty and immature.
Literally nobody in this thread is saying it’s accurate. You taking unconfirmed information and spreading is the definition of misinformation. Something you’ve got quite the reputation for doing.
So much hate, for what, a dopamine hit? Choose love.
That’s ironic coming from you. Choose to stop spreading misinformation. You’re literally ruining lemmy with your constant lies.
The first ghost will appear at midnight
I’m guessing that assumes 40 hour work weeks which i doubt he worked only 40 hrs a week.
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I don’t need Charles Dickens to tell me that the US federal minimum wage has gone up $7.00 in 80 years, and that is dysfunctional.
But what the fuck is or was a guinea ?
Apparently it was worth 1 pound and 1 shilling
yeah but: he paid them more and now burgers are more expensive. so…
Currency conversion ?
I don’t think scrooge lived in the (un-)united states of america
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