Medieval Facts & Myths: How wealthy was an earl?
During the 1300s, the average income of an English earl was £400 per year. That doesn't sound like much -- until you compare it to the income of an average laborer at just £2 per year.
Earning 200 times more than a common laborer sounds like an astronomical disparity between rich and poor, right? Not so fast.
In 2018, the pay ratio between the average U.S. worker and the average CEO reached 278-to-1.
These numbers bear out a stark realization. Income inequality in the U.S. of late has gone Medieval.
Medieval Facts & Myths is a blog series featuring KING ROBIN, a novel by R. A. Moss releasing February 2021 from Beck and Branch Publishers.