Description
majorPerDay = recordedWage*majorPerRecordedUnit/paidDays.
Historical wages can include cash, rations and other in-kind compensation and may use local units and paid-day conventions. Basket equivalents and wage-day ratios require those choices to be explicit before making living-standard comparisons.
majorPerDay = recordedWage*majorPerRecordedUnit/paidDays.
When to use this tool
Use Historical Wage Unit Day Factor when checking a supplied historical wage or compensation conversion.
How to use the tool and how it works
- Enter recordedWage, majorPerRecordedUnit, paidDays. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read majorPerDay. Use the output convention below.
Require nonnegative recordedWage and positive majorPerRecordedUnit and paidDays. majorPerDay = recordedWage*majorPerRecordedUnit/paidDays.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| recordedWage | Recorded Wage | Required. Finite number; minimum 0. |
| majorPerRecordedUnit | Major Per Recorded Unit | Required. Finite number; strictly above 0. |
| paidDays | Paid Days | Required. Finite number; strictly above 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| majorPerDay | Major Per Day | Required. Finite number. |
{
"input": {
"recordedWage": 120,
"majorPerRecordedUnit": 0.5,
"paidDays": 10
},
"output": {
"majorPerDay": 6
}
}Limitations and assumptions
- The factor is major currency units per recorded wage unit. Paid-day basis and cash-versus-total compensation are supplied historical interpretations, not established by conversion.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Verify archival units, period, worker and household context and basket suitability before comparing real historical incomes.
References
Similar or alternative tools
- Historical Rent Wage Day Equivalent
totalRent = cashRent+inKindQuantity*inKindUnitPrice; wageDays = totalRent/dailyWage.
- Historical Wage Basket Purchasing Power Term
basketUnits = cashWage/basketPrice+inKindBasketUnits.