wonder how much that coin is worth now vs how much it was worth in 300 Bc
1 loaf of bread 1 obolos
The standard rate for a prostitute 3 oboloi
6 oboloi are 1 drahma, about 4 drahmai to the shekel. That coin is 1/16 shekel, so about 1.5 loaves
> the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth. In turn, these sectors of the economy become more expensive over time, because their input costs increase while productivity does not. Typically, this affects services more than manufactured goods, and in particular health, education, arts and culture.