Another day, another shekel

One of the better-known biblical passages, Leviticus 27:1-7, lists the value of pledges of silver to the temple based on the value of a person: 50 shekels for a man between the ages of 20 and 60, 30 shekels for a woman of the same age, 15 shekels for a man over 60, and 10 shekels for a woman over 60. Hourly wage rates of workers in the U.S. in 2008 differed greatly from the ratios implied by Leviticus… [But] once we ignore differences in labor-force participation, the earnings ratios are not that far from what was expected 3,000 years ago.

via What Do 3,000 Years Do to Wages? – Freakonomics Blog – NYTimes.com.