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To: Dr. Brian Kopp

I find this very interesting. Too bad it was not adopted.


6 posted on 04/18/2010 6:42:51 PM PDT by little jeremiah
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To: little jeremiah

Nonsense. If government posts were unpaid, only the wealthy could afford to be involved. Which is exactly why the British didn’t pay members of Parliament until well into the 20th century. It kept the riff-raff out.

FWIW, when he was President Washington accepted his salary of $25,000. This was during a period when a reasonably decent salary was $500 to $1000 annually.

Depending on which method of adjustment one uses, this corresponds to $591,000.00 to $1,910,000,000.00 in 2009 dollars. Obama’s official salary is $400,000.

http://www.measuringworth.com/uscompare/result.php?use%5B%5D=DOLLAR&use%5B%5D=GDPDEFLATION&use%5B%5D=VCB&use%5B%5D=UNSKILLED&use%5B%5D=MANCOMP&use%5B%5D=NOMGDPCP&use%5B%5D=NOMINALGDP&year_source=1790&amount=25000&year_result=2009

Of the six numbers given, I suspect $11,600,000.00 is the closest approximation to equivalent value of Washington’s salary today. It is surprisingly difficult to compare prices and wages from one era to another.


7 posted on 04/18/2010 7:16:04 PM PDT by Sherman Logan
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