Good calculation.
I think it can be improved by taking into account how the value of silver has changed (since silver could have been worth more or less around Jesus time).
I Asked AI to estimate how the purchasing power of silver has changed:
Labor Wages as the Standard Roman Era: 3.9 grams of silver = 1 day's labor wages 1 gram of silver = 0.256 day's wages Today (using US minimum wage as a baseline): 1 gram of silver ($1.54) = 0.027 day's wages ($58) Result: Silver has lost 89.6% of its purchasing power relative to labor
So silver was about 10 times more valuable around Jesus time (if the AI is correct), so would be equal about $6270 today. Pretty close to 7k.
Good calculation.
I think it can be improved by taking into account how the value of silver has changed (since silver could have been worth more or less around Jesus time).
I Asked AI to estimate how the purchasing power of silver has changed:
> Labor Wages as the Standard
Roman Era:
3.9 grams of silver = 1 day's labor wages
1 gram of silver = 0.256 day's wages
Today (using US minimum wage as a baseline):
1 gram of silver ($1.54) = 0.027 day's wages ($58)
Result: Silver has lost 89.6% of its purchasing power relative to labor
So silver was about 10 times more valuable around Jesus time (if the AI is correct), so would be equal about $6270 today. Pretty close to 7k.
(post is archived)