… it's $68,404 in today's dollars, according to BLS's inflation calc.
(…your figure works out to a 26% per annum inflation rate. The $50k figure is in 2016 dollars — "the sugar industry paid the Harvard scientists the equivalent of $50,000 in 2016 dollars".)
> They paid a total of 2 people $50,000.
That's over half a million, in today's dollars.
With inflation, and whatnot, we get numb to what money was, back when.