Originally posted by Troll
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Briefly, their time was to come. As demand for food slumped, so too did farm prices (though those of manufactures rose, as craftsmen died). An English chronicler recorded that in the plague year
a horse once worth 40 shillings could be bought for half a mark [one sixth as much], a fat ox for four shillings [say, a third of its earlier value], a cow for one shilling.
But wages did the opposite:
In the autumn, a reaper was not to be hired for less than eightpence [a day, 50-75% up], plus his meals. So crops were often left to rot.
It did not last: the English government swiftly brought in laws to stop the free movement of farm labour and restore pre-plague wage levels, fining employers who paid more. It half-worked. Food prices rose rapidly; in the 1350s grain cost 30% more than before. Farm wages fell, but still stayed far above past levels (unsurprisingly: not just did the attempt to reverse them defy market realities, but the levels fixed had in some places been surpassed years before the plague struck).
Craft wages and prices remained far higher in England than before. That was true in the cities of mainland Europe too; in Florence they had doubled, a contemporary lamented. Siena's city council felt it worth offering tax breaks to attract incomers.
a horse once worth 40 shillings could be bought for half a mark [one sixth as much], a fat ox for four shillings [say, a third of its earlier value], a cow for one shilling.
But wages did the opposite:
In the autumn, a reaper was not to be hired for less than eightpence [a day, 50-75% up], plus his meals. So crops were often left to rot.
It did not last: the English government swiftly brought in laws to stop the free movement of farm labour and restore pre-plague wage levels, fining employers who paid more. It half-worked. Food prices rose rapidly; in the 1350s grain cost 30% more than before. Farm wages fell, but still stayed far above past levels (unsurprisingly: not just did the attempt to reverse them defy market realities, but the levels fixed had in some places been surpassed years before the plague struck).
Craft wages and prices remained far higher in England than before. That was true in the cities of mainland Europe too; in Florence they had doubled, a contemporary lamented. Siena's city council felt it worth offering tax breaks to attract incomers.
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