this post was submitted on 24 Dec 2023
747 points (91.1% liked)

Political Memes

9081 readers
2495 users here now

Welcome to politcal memes!

These are our rules:

Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

No AI generated content.Content posted must not be created by AI with the intent to mimic the style of existing images

founded 2 years ago
MODERATORS
 

Everyone

you are viewing a single comment's thread
view the rest of the comments
[–] ASeriesOfPoorChoices@lemmy.world 145 points 2 years ago* (last edited 2 years ago) (8 children)

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