Thread: Britain at work, The Cutlery Industry, by John Whitaker 1902

Here are some figured\s to help put things into a perspective as to values in 1902.
A simple measure from the internet is 12 pence to the shilling, 20 shillings to the pound. A pound in 1902 was equal to a bit over a hundred dollars today.
That would make a shilling worth about five dollars in purchase power.

In the USA, a common wage was about a half to one dollar a day till 1940 or so. Inflation would make that about $27 dollars in purchasing power today. 6 day week and 312 days of work would have been about a $320 dollars a year equivalent in today's money. A small house then would have been about 1K.
This is where the difference gets wild.
http://www.measuringworth.com/uscomp...ativevalue.php
~Richard