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Notes -
That Hideous Strength, written in 1945, has a section in which a character, brought from the 400s-500s AD, discourses on how he cannot tell whether moderns are rich or poor. On the side of "rich:" all the wonders of the modern day. On the side of "poor:" "but you have no servants!" (Repeated in many ways.)
Even fourteen years before 1959, the decline of the prevalence of domestic staff was well-observed.
I'm not sure how common it is but it's something of a running joke among Indian immigrants at my company. That you go from having servants who do all the cooking, cleaning, etc to the United States where you have to do all of that yourself, even if lots of other amenities are available that aren't in India. "Yea the air isn't smoggy all the time, but I have to clean my own toilet!"
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Just looked it up; cute passage:
Reminds me of this scene from A Tale of Two Cities by Charles Dickens (published in 1859, but the scene takes place in 1780):
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But a six figure salary in the fifties was the equivalent of making over a million dollars a year today, most of those people have full time domestic servants. That's a very high salary.
According to the original post, making $100,000 in 1959 would be the equivalent of making $800,000/year today, which probably does not mean you have full time domestic servants, today. I think you probably could have had them in 1959 with that sort of salary, though taxes were pretty bad then so it would depend on how effectively the rich person could shelter his income.
I suspect a family with kids with an income of $800k has a nanny, which would count as a full-time domestic servant under the rules used back in the day. In many cases the total hours of hired-in domestic services consumed by said family would be sufficient to support a full-time housekeeper if servants-as-a-service businesses were less widespread.
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https://www.bls.gov/data/inflation_calculator.htm
$1.12 million in today's money
The original post used not CPI but PCE (Personal Consumption Expenditures). When the Fed talks about an inflation target, it's PCE they mean. $100,000 in January 1959 is $839,400 in today's money by that index.
(The original post also said $100,000 now was $12,500 then, so it was clearly rounding to a factor of 8)
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Quoth Agatha Christie: “I never thought I would be so rich that I could afford a car, and so poor that I could not afford a maid.”
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Interesting. I should really get around to reading that series one of these days. I remember starting it as a kid and being very confused that it wasn't like the Narnia books.
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