To jack31961:
Sorry, to contradict you but I just viewed "Hotel" last night. Rod Taylor's character, hotel manager, Peter McDermott, earned $400.
I was curious as to what that meant in today's $$ (2013) - this what I found:
The historic standard of living* value of $400 is $2,790
The economic status value** of $400 is $4,900
The economic power value*** of $400 is $7,800
* Historic Standard of Living measures the purchasing power of an income or wealth in its relative ability to purchase a (fixed over time) bundle of goods and services such as food, shelter, clothing, etc., that an average household would buy. This bundle does not change over time. This measure uses the CPI.
** Economic Status measures the relative "prestige value" of an amount of income or wealth between two periods using the income index of the per-capita GDP.
*** Economic Power measures the amount of income or wealth relative to the total output of the economy. When compared to other incomes or wealth, it shows the relative "influence" of the owner of this income or wealth has in controlling the composition or total-amount of production in the economy. This measure uses the share of GDP.
Source: http://www.measuringworth.com/uscompare
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