June 1932 Radio-Craft[Table of Contents]
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 from Radio-Craft.
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