18-year-old Helena Muffly wrote exactly 100 years ago today:
Monday, December 29, 1913: Earned ten cents this morning a-doing darling sister’s milking. She doesn’t always pay me, but that was the bargain this morning.
Her middle-aged granddaughter’s comments 100 years later:
10 cents!?!?!? I don’t think that I would have agreed to milk the cows for only 10 cents. I guess that it’s better to be paid than not paid, but even by 1913 standards, 10 cents wasn’t much.
According to an online inflation calculator a dollar in 1913 is now worth $23.81—so a dime in 1913 is now worth $2.38.
There’s been a lot of inflation over the years—though the inflation rate was only 2.4 % in 1913.