Division of Labour: Academic productivity: From the Aug. 20, 1905 NYT is a report that Dr. Fred Wolle accepted the position of Chair of the Department of Music at California Berkley for $5000 per year.
According to Historical Economic Services:
In 2003, $5,000.00 from 1905 is worth:
$103,803.77 using the Consumer Price Index...
$479,058.79 using the unskilled wage
$605,051.85 using the GDP per capita
A century ago college teachers were upper class. Now we are upper middle class (or middle class).
I'm at the lower end of salaries at my university, being a lowly, untenured assistant professor. Therefore I'm decidedly middle class, not even close to upper middle class yet. Of course, I went into music for the money (and the chicks).