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A ‘demoralizing' trend has computer science grads out of work — even minimum wage jobs. Are 6-figure tech careers over? (www.yahoo.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 171 points 1 year ago (10 children)

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  • [–] 35 points 1 year ago (3 children)

    That was from December of '21. It would be $15.69 now.

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  • [–] 11 points 1 year ago (2 children)

    Another thread put it at 16.14 an hour.

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  • [–] 7 points 1 year ago (1 child)

    Not surprised, I just clicked on the first inflation calculator that came up. I think it was the BLS CPI calculator.

    And I only did it in dollars from December of '21 until now. Converting back to shillings, either in '21 or Dickensian times, before bringing it forward to today could result in a big difference due to the charging exchange rate between the pound and the dollar.

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  • [–] 32 points 1 year ago (4 children)

    I'm not sure that works. There were 20 shillings to the pound.

    So £0.75 a week.

    This inflation calculator:

    https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

    £75 in 1843 is equivalent to £8,310.96

    So 15s then is equivalent to £83.11 a week, £4321.72 a year.

    40 hour week (which is implied to be too low). ~£2.08 an hour

    So if he worked over 40 hours you're talking a sub £2/hour wage. Around $2.70 in US money.

    I suspect the stat relies on converting to dollars before applying inflation as GBP to USD was about 1 to 5 then instead of about 1 to 1.33

    It's fun but I wouldn't want to denigrate Dickens by saying he got poverty wrong to make a political point.

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  • [–] 19 points 1 year ago (3 children)

    It's fun but I wouldn't want to denigrate Dickens by saying he got poverty wrong to make a political point.

    I think they're actually making the opposite claim- American wages are just that fucked, rather than Dickens being wrong

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  • [–] 9 points 1 year ago (2 children)

    I think who you’re responding to knows that and is saying while doing the math wrong makes their point better it does Dickens wrong.

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