#parableofthetalents
$7.25/hr * 8hrs = $58 - fica: ($58 * 7.62%) =$4.4196 (fica)
$58 - $4.42 (fica) = $53
1 talent = 6000 days ( ~20 years ) of day labor * $53/ day = $318,000 in a financial sense
or since the price of silver on march 21, 2018 at 8:50 am est was $16.29/ ounce and 16 ounces in a pound times 80 pounds = $20,851 per talent of silver
bit of a change in value of labor and silver since biblical days
80 pounds * 16 = 1,280 ounces of silver in a talent ÷ 6000 days work = 0.21333 ounces of silver / day
$16.29 / ounce of silver times 0.21333 ounces = $3.4751457
the average worker in biblical times at today's silver price made $3.47 worth of silver / day ?
thank god for unions
a dime weighs 0.080 ounces
before 1965 dimes were 90% silver
a day's wages in biblical times ( at today's silver price ) were about 3 silver dimes
a collectible roosevelt silver dime is worth about $1.18 today
https://www.merriam-webster.com/dictionary/talent
" A talent (Ancient Greek τάλαντον, talanton ‘scale’ and ‘balance’) was a unit of weight of approximately 80 pounds (36 kg), and when used as a unit of money, was valued for that weight of silver.[13] As a unit of currency, a talent was worth about 6,000 denarii.[1] Since a denarius was the usual payment for a day's labour,[1] the value of a talent was about twenty years of labour, by an ordinary person.[14] "
https://en.m.wikipedia.org/wiki/Parable_of_the_talents_or_minas
$7.25/hr * 8hrs = $58 - fica: ($58 * 7.62%) =$4.4196 (fica)
$58 - $4.42 (fica) = $53
1 talent = 6000 days ( ~20 years ) of day labor * $53/ day = $318,000 in a financial sense
or since the price of silver on march 21, 2018 at 8:50 am est was $16.29/ ounce and 16 ounces in a pound times 80 pounds = $20,851 per talent of silver
bit of a change in value of labor and silver since biblical days
80 pounds * 16 = 1,280 ounces of silver in a talent ÷ 6000 days work = 0.21333 ounces of silver / day
$16.29 / ounce of silver times 0.21333 ounces = $3.4751457
the average worker in biblical times at today's silver price made $3.47 worth of silver / day ?
thank god for unions
a dime weighs 0.080 ounces
before 1965 dimes were 90% silver
a day's wages in biblical times ( at today's silver price ) were about 3 silver dimes
a collectible roosevelt silver dime is worth about $1.18 today
https://www.merriam-webster.com/dictionary/talent
" A talent (Ancient Greek τάλαντον, talanton ‘scale’ and ‘balance’) was a unit of weight of approximately 80 pounds (36 kg), and when used as a unit of money, was valued for that weight of silver.[13] As a unit of currency, a talent was worth about 6,000 denarii.[1] Since a denarius was the usual payment for a day's labour,[1] the value of a talent was about twenty years of labour, by an ordinary person.[14] "
https://en.m.wikipedia.org/wiki/Parable_of_the_talents_or_minas
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