posted on Aug, 8 2010 @ 12:55 AM
reply to post by solarstorm
Explanation: S&F!
1 cent oranges: (say 4 x 250g [9oz] oranges to kilo) = 4 cents / kilo
Average US 1940's Wage = $1299.00 per annum
= 65 cents per hr [min wage was 43 cents per hr]
Average US 2000's Wage = $36,764 .00 per annum
Which is over 28 times what was earned in 1940's
I had trouble finding US orange prices per kilo but did find a source citing 99 cents / pound = $2.18 per kilo [2.2lbs=1kg]
That equates to 55 cents [rnded up] per 250g [9oz] orange
[edited to add following equation to clarify]
55 [cents per orange] / 28 [x inflationionary increase since 1940] = 1.96 cents... rnded up = 2 cents per orange
So oranges today [in the US] cost about twice what they did in the 1940's
Personal Disclosure: Some of those pictures look like they were taken yesterday in outback Australia!
I wouldn't be surprised if a lot of
middle class american families end up living out of those dugouts and eaking out what ever they can scrape up and outa the land with the sweat of
their brows etc in the next few years.
edited to add equation to clarify my maths! soz
[edit on 8-8-2010 by OmegaLogos]