In 1914, Henry Ford raised his workers' pay to $5 a day, more than doubling wages. He also reduced the length of the workday from nine hours to eight.
This daily wage is equivalent to $148.40 in 2023 dollars, or $18.55 per hour.
Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.
What is the inflation-adjusted equivalent of $5.00 in 1914?
| Year | Inflation-adjusted |
|---|---|
| 2023 | $148.40 |
| 2022 | $139.40 |
| 2021 | $130.24 |
| 2020 | $128.49 |
| 2019 | $125.62 |
| 2018 | $123.26 |
| 2017 | $120.72 |
| 2016 | $118.26 |
| 2015 | $117.41 |
| 2014 | $116.52 |
| 2013 | $114.80 |
| 2012 | $112.84 |
| 2011 | $109.59 |
| 2010 | $107.97 |
| 2009 | $105.11 |
| 2008 | $105.02 |
| 2007 | $100.90 |
| 2006 | $98.40 |
| 2005 | $95.15 |
| 2004 | $92.15 |
| 2003 | $90.45 |
| 2002 | $88.35 |
| 2001 | $87.00 |
| 2000 | $84.15 |
| 1999 | $81.95 |
| 1998 | $80.65 |
| 1997 | $79.30 |
| 1996 | $76.75 |
| 1995 | $74.85 |
| 1994 | $72.90 |
| 1993 | $70.95 |
| 1992 | $68.95 |
| 1991 | $66.90 |
| 1990 | $63.05 |
| 1989 | $60.25 |
| 1988 | $57.70 |
| 1987 | $55.25 |
| 1986 | $54.65 |
| 1985 | $52.65 |
| 1984 | $50.65 |
| 1983 | $48.80 |
| 1982 | $47.00 |
| 1981 | $43.15 |
| 1980 | $38.35 |
| 1979 | $33.85 |
| 1978 | $31.05 |
| 1977 | $29.10 |
| 1976 | $27.75 |
| 1975 | $25.95 |
| 1974 | $23.10 |
| 1973 | $21.25 |
| 1972 | $20.55 |
| 1971 | $19.90 |
| 1970 | $18.85 |
| 1969 | $17.75 |
| 1968 | $16.95 |
| 1967 | $16.45 |
| 1966 | $15.90 |
| 1965 | $15.60 |
| 1964 | $15.45 |
| 1963 | $15.20 |
| 1962 | $15.00 |
| 1961 | $14.90 |
| 1960 | $14.70 |
| 1959 | $14.45 |
| 1958 | $14.20 |
| 1957 | $13.80 |
| 1956 | $13.40 |
| 1955 | $13.35 |
| 1954 | $13.45 |
| 1953 | $13.35 |
| 1952 | $13.25 |
| 1951 | $12.50 |
| 1950 | $11.80 |
| 1949 | $12.05 |
| 1948 | $11.70 |
| 1947 | $10.75 |
| 1946 | $9.10 |
| 1945 | $8.90 |
| 1944 | $8.70 |
| 1943 | $8.45 |
| 1942 | $7.75 |
| 1941 | $7.05 |
| 1940 | $7.00 |
| 1939 | $7.00 |
| 1938 | $7.20 |
| 1937 | $7.00 |
| 1936 | $6.90 |
| 1935 | $6.70 |
| 1934 | $6.60 |
| 1933 | $6.55 |
| 1932 | $7.30 |
| 1931 | $8.05 |
| 1930 | $8.60 |
| 1929 | $8.55 |
| 1928 | $8.65 |
| 1927 | $8.85 |
| 1926 | $8.95 |
| 1925 | $8.65 |
| 1924 | $8.65 |
| 1923 | $8.45 |
| 1922 | $8.65 |
| 1921 | $9.70 |
| 1920 | $9.45 |
| 1919 | $8.25 |
| 1918 | $6.85 |
| 1917 | $5.80 |
| 1916 | $5.15 |
| 1915 | $5.05 |
| 1914 | $5.00 |