"Paul Terry" wrote in message
...

Why should the hourly rate of labourers in the 1950s have anything to do
with either the matter under discussion (currency value in the 1930s) or
the minimum wage today?

Rather than guessing, why not try one of the many useful economic
history reference machines, which is what I did:

£12.16 in 2002 has the same "purchase power" as 5s in 1930.

That sounds about right, as the typical wage in the 1930s was about £3 for a
48 hour week, or 1/4d per hour.

Anyway, who was guessing?
--
Terry Harper, Web Co-ordinator, The Omnibus Society
75th Anniversary 2004, see http://www.omnibussoc.org/75th.htm
E-mail:
URL: http://www.terry.harper.btinternet.co.uk/