Uncle Frank's
Diary
Number Fifteen
What Would $100 Billion Buy on the Library Market?
Oh, these are fine days and times. The Liar in
Chief and his flunkies on Fox News spin interpretations of reality
that make the logic of Alice in Wonderland look transparent.
The economy “recovers” without adding jobs; the U.S. takes legal
actions to prevent its citizens from obtaining affordable drugs from
Canada; Bush Regime propaganda mavens claim that the proliferation
of attacks on U.S. and “friendly” native targets in Iraq proves that
we have the terrorists right where we want them (does anyone
remember John Cleese’s turn as the Black Knight in Monty Python
and the Holy Grail?); Jen and Bennifer are either getting
married or they aren’t, or something like that, as if anyone gives a
rip in hell; and dark chocolate is better for you than jogging.
Well, well. Uncle Frank just don’t know what to
make of it all.
But let’s try to find some sense in it—at least
in the dough we’re kneading up for incineration in the oven of Iraq.
The most common estimate for what the U.S. will spend in Iraq over
the coming year is $100 billion, give or take (mostly give) a few
billion. $100 billion is for most of us (certainly it is for me) a
meaningless number. In an attempt to reduce it to something
comprehensible, I have determined what library-oriented items $100
billion would buy, based on the latest average prices and costs
reported in the 48th edition (2003) of The Bowker Annual, and
on what I think are some reasonable estimates. I’ve rounded some
figures here and there to avoid nitpicking.
p.s. Thanks to the swell calculator on my
computer, with enough spaces for really big numbers. My pocket
calculator wouldn’t cut it.
Paying for Librarians
Average starting salary for librarians, 2001:
$36, 818.
Add 25 percent for
benefits: 9,204
Total for a beginning
librarian: $46,022
$100 billion would pay salaries and benefits
for approximately 2.2 million beginning librarians.
Paying for Library Clerks
Assume a “generous” starting salary of $25,000
for a library clerk
Add 25 percent for
benefits: 6,250
Total for a beginning library
clerk: $31,250
$100 billion would pay salaries and benefits
for 3.2 million beginning library clerks.
Paying for Student Assistants
Assume a “generous” $8/hour for a library
student assistant; that student assistant would earn, at 10
hrs/week, $4,000 over a 50-week period.
$100 billion would pay 25 million student
assistants $8/hour, 10 hours a week, for 50 weeks.
Paying for Public Library Buildings
From July 1, 2001 to June 30, 2002, there were
212 U.S. public library building projects. Their average cost was
$3,716,981.
$100 billion would pay for 26,903 public
library building projects, each costing $3,716,981, with enough
change left over to put up a couple of nice toolsheds.
Paying for Periodicals
The average price of a U.S. periodical
(excluding Russian translations) in 2002 was $282.
$100 billion would pay for subscriptions to
354.6 million periodicals at $282 each.
Paying for Books
The average hardcover book in 2002 cost $59.80.
$100 billion would buy 1.67 billion
hardcover books at $59.80 each.
Paying for Paperbacks
The average mass market paperback cost $6.48 in
2002.
$100 billion would buy 15.4 billion mass
market paperbacks at $6.48 each.
Paying for Library Budgets of Small-town Libraries
The average overall budget for U.S. public
libraries serving populations from 25,000 to 49,999 in 2003 is
$1,868,000.
$100 billion would cover the budgets of
53,533 such libraries.
Paying the Budget of a Major Big-City Library
The Chicago Public Library’s 2003 budget is
$96.5 million.
$100 billion would cover the budgets of 1,036
libraries like the Chicago Public.
Paying for Clones of the Building Where Uncle Frank Would Hang
His Hat, if He Had One
As a local note, $100 billion would build
approximately 5,000 libraries like the one where I work.
So what does this all mean, brothers and
sisters? I leave it to you. Pass the dark chocolate, please; my body
chemistry requires adjustment.
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Graphic by Karen McGinnis
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P.O. Box 1580