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CALCULATORS

Price in hours of work

What does it cost in hours of your life? See any price in hours of work at the average US wage, from 1900 to now, and what an hour of work buys in sats.

Something you buy
Now
–
Then
–

Hours of work at the average US wage, by decade

Sats an hour of work buys

A price tag in dollars hides the thing you really pay with: your time. Divide a price by an hourly wage and you get how long someone had to work to buy it. Do that across a century and you can see where work bought more over time, where it bought less, and how much of the change was the dollar itself losing value.

Pick an everyday item, or type your own price, and compare any year since 1900 with today. Hours are at the average US hourly wage of each year (factory earnings before 1964, then all private-sector production and nonsupervisory workers); type your own pay to see today's number in your own hours. The last chart shows the same idea in bitcoin: how many sats one hour of average work bought each year.

The prices and wages are the same sourced annual series used by The Dollar Since 1792, so the two pages always agree. A "~" marks a year the source data estimates. A price you type yourself is moved through time by the Consumer Price Index alone, so treat it as a rough guide.

Related lessons: Inflation, explained, Time preference, What happened in 1971.

Education only, not financial, tax or legal advice. Results are estimates from what you enter and from public data that can be late or wrong; check anything important before you act on it. Wage and price figures are averages from public sources and will not match any one person's pay or costs. By using this tool you accept the Terms of Use and Disclaimer.

SOURCES

  1. BLS Consumer Price Index (CPI-U), via datasets/cpi-us
  2. Average hourly earnings: Historical Statistics of the United States (Ba4361, manufacturing, to 1963); BLS via FRED AHETPI (from 1964)
  3. US Department of Labor: history of federal minimum wage rates
  4. Item prices (BLS average prices via FRED, EIA, USPS, Census and others): see The Dollar Since 1792 methodology
  5. Bitcoin price: CoinMarketCap year-end closes; today from mempool.space