In the year 1900, Andrew Carnegie, owner of Carnegie Steel Corporation, earned $23 million dollars. This is before the Income Tax Amendment was passed (1913)
At the turn of the century, when the average worker earned $8 to $10 per week, Carnergie was worth millions.
Annual wages of railroad workers, according to the report of the commissioner of labor in 1890, were:
$957 for engineers (the aristocrats of the railroad) ($23,722)
$575 for conductors, ($14,253.09)
$212 for brakemen ( $5,255.05)
$124 for laborers. ($3073.71)
Current Poverty Threshold
As defined by the Office of Management and Budget, the weighted average poverty threshold for a family of four in 2009 was $21,954
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