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Unread 08-14-2017, 08:14 AM   #8
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Bill Zachow
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Economically, you must consider the inflationary effect on life then and now. $.22 then is the equivalent of $4.79 today or about $9000/year. When Henry Ford gave his workers $5 per day, that was equal to $109 today. The Engineer was earning $108,000 annually and the accountant, $43,000. For additional perspective, my DH 12 cost only $1,479 as it had been discounted by Parker Bros. as many were. Thus, Parkers were somewhat affordable by the more affuent. One final item. Today almost 100 percent of kids graduate from high school, but way too many can not read or write.
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