Thread: How book prices have changed
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Old 06-18-2014, 07:19 PM   #11
crich70
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Quote:
In 1914
The average house cost $6,156
Equivalent today: $134,695

The average car cost $550
Equivalent today: $12,034

The average wage was $577
Equivalent today: $12,625
According to this pageclick $1.00 = $21.88 in 1914. So that would make $1.30 = $28.44 in today's funds. So very close to DrNefario's figure of $30.93.
Henry Ford apparently paid his workers $5.00 a day but that was about twice the average person's wages per day back then so $1.30 was quite an investment for a book at that time.
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