Hope everyone has a happy and safe New Year. 
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Joe
"All things are difficult before they are easy" -
Mike
"It's not the things you don't know that will hurt you, it's the things you think you know that ain't so." - Mark Twain -
Thanks Joe and Mike for your well wishes.
You guys have a Happy New Year and enjoy the wood working hobby (or lively-hood).Comment
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Have a great and safe new year. One hundred years ago (1911), some prices:
* New Home (Median Price)......................................$2,625
* New Car (Avg. Cost)............................................. $1,130
* Milk (Qt).............................................. .....................8¢
* Bread (Loaf)............................................ ..................5¢
* Steak (lb) .................................................. .............20¢
* Stamp............................................. ........................02¢
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Relaxing at home tonight, watching dvd's with my family. You guys have yourselves a safe and happy New Year.From the "deep south" part of Canada
Richard in Smithville
http://richardspensandthings.blogspot.com/Comment
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Back at'cha! Have a happy, healthy and prosperous New Year!!
God bless!!Blessings,
Chiz
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Sitting around at home right now playing board games with the family. I just rolled out so I figured I would say HAPPY NEW YEAR BT3CENTRAL!Please like and subscribe to my YouTube channel. Please check out and subscribe to my Workshop Blog.Comment
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According to this site, $750/year. The Average life expectancy: Male 48.4 Female: 51.8
http://kclibrary.lonestar.edu/decade10.htmlBob
Bad decisions make good stories.Comment
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MY FIRST DAY OF RETIREMENT!!!!! WHAT A WAY TO START A NEW YEAR!!!!!! Oh, I'm starting out with cleaning up the the shop.Cork,
Dare to dream and dare to fail.Comment
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Chris
"The first key to wisdom is constant and frequent questioning, for by doubting we are led to question and by questioning we arrive at the truth." -Pierre Abelard 11th Century philosopher.Comment
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given the $750/year average salary in 1910ish
assume about a 25X inflation rate per 100 years...
That would put us at
salary: $19K
House: $66K
Car: $28K (actual around $15-30K)
Milk Qt: $2 (around $2.50)
BRead: $1.25 (around $2)
Steak lb: $5 (varies greatly depending upon cut, but $5 will get you some steak)
Stamp: $.50 (actual .47)
I think now salaries are higher, homes cost more, cars cost less (they were pretty new tech in 1911 so it was comparatively high). We do have added COL items like phones, computers TV, cable, internet service etc that add up to a large amount per year --
Loring in Katy, TX USA
If your only tool is a hammer, you tend to treat all problems as if they were nails.
BT3 FAQ - https://www.sawdustzone.org/forum/di...sked-questionsComment
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Comparing cost of living then and now is not as easy. Today work week is considered 40 hours - work year is 2000 hours. That means $750 is about 35c an hour average. But then work day was longer, so it was actually less. A car is more than a year's work - definitely expensive luxury. Food is expensive - a pound of meat is close to an hour of work. Post stamp is expensive = more than $1 if you recalculate 2c compared to today's salary. House is 3 - 4 years worth of salary - in line with today's prices. But also notice - life expectancy 48-51 years. That means there is no concept of retirement. Everybody works to the end. Percentage of people owning a house is very small. That changed later when concept of retirement appeared and house ownership became the main mechanism to make people save for retirement. Whole array of new industries appeared since that time. For instance entertainment industry today includes movies, shows, tv, vacation travel, gambling, etc. In 1911 all that was virtually unknown. Today entertainment is a large part of our lives - back then people did not have time for entertainment.Alex VComment
LCHIEN
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