Saturday, December 20, 2014

How much money did Scrooge give the boy in the street for bringing the turkey?

English: 2 shillings 1949
English: 2 shillings 1949 (Photo credit: Wikipedia)
Based on the research of this earlier blog post, the 2 shillings the boy was paid would be worth about £7.60 GBP or $11.70.  Pretty good pay for 5 minutes of work.

One Shilling GBP in 1850 had the purchasing power of about £3.80 GBP today, or $5.85.(from this site)  

How much money did Bob Cratchit make?

Bob Cratchit made 15 shillings a week.

That would be in today's money  $93.66 a week, or $2.34 an hour at 40 hours a week.

http://www.coins-of-the-uk.co.uk/pics/ones2.html
What was a shilling worth at the time of Scrooge?

This web site, All about money | A Christmas Carol: The Scrooge Diaries , says:

"Half-a-crown – 12.5 cents
Shilling – 5 cents
Sixpence – 2.5 cents
Penny – Approximately half a cent
Farthing – Approximately one-tenth of a cent
So when the story mentions Bob’s salary of 15 shillings a week, you can easily see, even at that time, how measly it was. Mrs. Cratchit must have seriously splurged to buy those ribbons on her dress for sixpence. When A Christmas Carol was first published, it sold for 5 shillings a copy, cheaper than many books of the period, but still quite a luxury."

Reproduced from a c.1870s photographer frontis...
Reproduced from a c.1870s photographer frontispiece to Charles Dicken's A Christmas Carol (Photo credit: Wikipedia)
A Christmas Carol was published on 17 December 1843. 

One Shilling GBP in 1850 had the purchasing power of about £3.80 GBP today, or $5.85.(from this site)  
So, 15 shillings would be £3.80 x 15 = £57 a week, or $89.07. (from this site)
So he would make about $89 a week and $4628 a year, assuming he works every week of the year, which considering Scrooge won't easily let him off for Christmas he probably does work that much.  I doubt very many families could support so many children on that amount. If he worked a 40 hour work week, that would be $2.23 an hour.


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