/biz/ - Business & Finance

>>21877070
I know, but that doesn't change the data points. The 1760 figure is essentially $500 (I'm not going looking for the actual data table. This source says that "laborers" (so unskilled general labor) got paid $0.667/day. One dollar was 0.77 troy ounces.

This retarded "shadow government statistics cpi" silver price implies that 1760 unskilled labor made the modern equivalent of $385/day or $120,120/year (6 day weeks, 52 weeks). Ignoring the obvious fact that those workers were far less productive and they couldn't actually buy anything that we have available today. Realistically their wage was probably like $3,000/year today. Maybe their weird cpi works for the modern era (idk), but I don't know how they could be retarded enough to think it works well enough to apply it to that data, get that outcome, and then think the information was so valuable it should be shared with the world.