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Wednesday, August 27, 2008
Now that the Olympics are over I can get back to Mad Men. This is an awesome show.
Ever since I started watching this show I've been meaning to look up the exchange rate between 1960 dollars and current dollars. I estimated it at about 10 based on clues in the show, but that felt a bit high. Turns out it's more like 7. (That's not counting any adjustment for the difference in buying power of $1 in Manhattan vs. suburban middle America, of course.)
Anyway, they talk about money a lot on this show, so you need to have some feel for how much things cost and how much people are earning. I'm sure someone else has already done this somewhere, and when I find it I'll post a link, but until then:
Don Draper makes $35,000 a year, which would be $245,000 to us. He once got a $2500 ($17,500) bonus and tried to use it to take his beatnik mistress to Paris, but she declined. So he gives her the money, tells her to buy a car, and never speaks to her again. When he makes partner he starts making as much as $45,000, or $315,000 in today's dollars. When his long lost brother tracks him down, Don gives him $5000 to leave town and never contact him again. That's $35,000 to us, and more than Pete Campbell makes in a year.
Pete Campbell starts the show making $75 a week. That's $525 to us or $27,300 a year. Not nearly enough to afford the $32,000 ($224,000) apartment his wife Trudy insists on buying. Oh, but the Realtor says they can get it for $30,000 ($210,000) so that will help. Good thing Trudy's parents can front the down payment. Pete and Trudy got a "chip & dip" for their wedding valued at $22 ($154) which he was able to exchange for a .22 rifle.
Harry Crane makes $200 ($1400) a week, and is dismayed to find out that his coworker Ken Cosgrove makes $300 ($2100). That's $72,800 and $109,200 a year to us. Luckily, Harry finds a way to impress his bosses and earn a $25/week raise ($81,900).
Peggy Olson starts out making $35 a week. That's $12,740 a year to us, and even Don is surprised to hear how little she makes. He makes it sound like she's asking a lot when she requests a $5/week raise for taking on the duties of a junior copywriter, but he probably would have given her more. Even with her raise, she's making the equivalent of $14,560 annually. No wonder she was upset when someone swiped $3 ($21) from her locker.
Don's wife, Betty has to call a tow truck when her car breaks down. He informs her that he has the part she needs in the truck, and he can fix the car on the spot for $9 ($63). That's a little more than the $4 ($28) she has in her wallet, but she manages to get by on her charm, as she always has. Later on, their son Bobby breaks the hi-fi. Betty informs Don that it will cost $18 ($126) to have it repaired, or just $9 ($63) if they want to haul it down to the shop themselves. Don doesn't.
Anyway, if you think you might want to start watching Mad Men, you should probably practice multiplying by 7 in your head. Or have a calculator handy.
