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Research

So, I'm doing the Powerpoint history presentation for Winfield Chapter 418, OES, State of NY, 100th anniversary celebration. Getting to find out what $15 dollars in 1908 equals in 2008 dollars, among other totally useless pieces of information.

Yup--the fun never ends.


In 2006, $15.00 from 1908 is worth:
$339.01 using the Consumer Price Index
$253.34 using the GDP deflator
$768.22 using the value of consumer bundle
$1,461.40 using the unskilled wage
$1,945.07 using the nominal GDP per capita
$6,560.21 using the relative share of GDP
(GDP is "Gross Domestic Product" if, like me, you had no clue what it stood for)

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Comments

( 3 comments — Leave a comment )
baronessekat
Aug. 21st, 2008 07:04 pm (UTC)
I had to look up GDP today to!

Today must be the day for research like that. Only I got to do it for 38 countries I don't give a rat's left ear lobe about.
briony530
Aug. 21st, 2008 07:37 pm (UTC)
So anywhere from $339 to over $6500. K.

I knew what it stood for (I m smrt), but I have no idea what half of those comparisons would be!
meirwen
Aug. 21st, 2008 08:55 pm (UTC)
Go here: http://www.measuringworth.com/uscompare/#.
Fill in the amounts (don't use 2008--the most recent year with usable data is 2006). When your results come up the various qualifiers have links to little windows that will explain the comparisons. Not always helpful, but then I r knot smaart (never took an economics or statistics class in my life, but I can dazzle you with my semiotic proficiencies and discuss the fine points of difference between post-romantic and impressionist musical forms!)

Edited at 2008-08-21 08:56 pm (UTC)
( 3 comments — Leave a comment )