June 1932 Radio-Craft
People old and young enjoy waxing nostalgic about and learning some of the history of early electronics.
Radio-Craft was published from 1929 through 1953. All copyrights are hereby acknowledged. See all articles
Imagine having a serviceman of any sort arrive at your house, fix your
problem, and present you with a bill of $6 - parts included. He would
walk away satisfied that he had done a good job and was well compensated
for the work considering the effort invested in training and qualification.
$6 in 1932, per the Bureau of Labor Statistics'
Inflation Calculator is worth $104.51 in 2015 money - that's a cheap
service call even in today's economy. Further, the $14 stated as a day's
earnings is $243.86 in 2015, which equates to 50
(work weeks/year) x 5
(days/week) x $243.86
(/day) = $60,965.00
(/year) - not too shabby. Just between
you and me, that's more than I'm currently making per year.
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Posted August 16, 2015