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God Bless Us, (lemmy.world)

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[-] ASeriesOfPoorChoices@lemmy.world 159 points 10 months ago* (last edited 10 months ago)

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
[-] Mango@lemmy.world 25 points 10 months ago

Stooooop! You're ruining it!

[-] TokenBoomer@lemmy.world 1 points 10 months ago
[-] Mango@lemmy.world 1 points 10 months ago

I 100% believe you. This definitely looks like math.

[-] funkless_eck@sh.itjust.works 8 points 10 months ago

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.

[-] DavidDoesLemmy@aussie.zone 5 points 10 months ago

How did you jump from 78.54 to 64.13?

[-] ASeriesOfPoorChoices@lemmy.world 1 points 10 months ago

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!

[-] sneezycat@sopuli.xyz 3 points 10 months ago

How do you go from 78.54 (modern pounds equivalent to 15 shillings) to 64.1325? I don't understand that step.

[-] ASeriesOfPoorChoices@lemmy.world 2 points 10 months ago

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!

[-] No_Ones_Slick_Like_Gaston@lemmy.world 78 points 10 months ago

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.

[-] ASeriesOfPoorChoices@lemmy.world 36 points 10 months ago* (last edited 10 months ago)

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.

[-] MotoAsh@lemmy.world 47 points 10 months ago

"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.

[-] gedaliyah@lemmy.world 39 points 10 months ago

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.

Source

[-] satanmat@lemmy.world 11 points 10 months ago

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 ?

[-] Nobody@lemmy.world 35 points 10 months ago

Why does the working class, the largest class, not simply eat the smaller class?

[-] Waluigis_Talking_Buttplug@lemmy.world 28 points 10 months ago

I genuinely don't believe this math

[-] Godric@lemmy.world 16 points 10 months ago

Smart, OP has a reputation for posting memes that are wildly incorrect/dishonest.

[-] JayJay@lemmy.world 26 points 10 months ago

I'm guessing that assumes 40 hour work weeks which i doubt he worked only 40 hrs a week.

[-] MonsiuerPatEBrown@reddthat.com 12 points 10 months ago* (last edited 10 months ago)

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 ?

[-] skooks@lemmy.world 3 points 10 months ago

Apparently it was worth 1 pound and 1 shilling

[-] x4740N@lemmy.world 1 points 10 months ago

Currency conversion ?

I don't think scrooge lived in the (un-)united states of america

[-] lseif@sopuli.xyz 1 points 10 months ago

yeah but: he paid them more and now burgers are more expensive. so...

this post was submitted on 24 Dec 2023
824 points (91.3% liked)

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