Chapter 84: Real Estate Tycoon

£1,500—an amount that in 19th-century Britain, let alone the rest of the world, was no meager sum.

In London, ninety percent of the population had an annual income less than £100.

If employed in high-income industries such as construction or machinery manufacturing, a diligent skilled worker could earn annually between £60 and £100, depending on the job type and technical ability.

As for jobs requiring a certain level of knowledge, such as company clerks, one could consistently secure an income over £70 a year.

However, in competitive and low-income industries such as the textile industry that involved lighter physical labor, even a healthy male adult could only earn about £30 to £50.

The low profit margins of the textile industry also drove factory owners to hire numerous women and child laborers.

They claimed that the labor demanded by the textile industry was minimal, employing adult male workers was indeed a waste of labor force.