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Sure it was by 1360 but it wiped out as much as 50% of the population so even 2 generations later were not going to recover that lost.
It did change the world for common people because their labor was worth far more because of the lack of people. Whole villages die and decayed away. England even tried to force labor cost caps. But they didn't work because the lords and land owners their land worked and paid anyway. Changed Europe for good. I bet it impacted arts and architecture also.
Anyway it is an interesting subject.
Having said that, mortality in western Europe was probably a lot lower than most internet denizens want to imagine. There are a few villages in southern England (and possibly northern Italy) that seemed to have really high mortality (50-90%). but that could just as well be the result of the settlement being more or less abandoned before the next census.
Don't believe what you read on the internet, the subject is really complicated and the data very sparse. What is clear is that it had an enormous impact on economics, labour, and social change.
If you want to get a sense of what it was like, you're better off looking at Froissart (and noticing that everything still sort of continues to functionafter the hiccup), rather than Boccaccio. And remember that there were lots of little outbreaks for decades after.
Most of what I've read suggests that a society tends to freak out when mortality gets above ten to fifteen percent. People encountering this stuff for the fist time tend to cherry-pick the bigger numbers for shock value.
Entire towns died and it was not because they got a better job across the country.
Kutná Hora(CZ)/Kuttenberg(GER)
located in Central Bohemian Region Czech Republic. Kutná Hora center, with Sedlec Abbey and ossuary, the city became a Heritage Site in 1995 due architecture significance influence on Central European cities. in the Medieval era, Kuttenberg was mainly inhabited by German citizens ratio 80/20, German remarks are still visible throughout the whole city.