Monday, September 2, 2019

Prices Rising Faster Than Wages, Sept. 2, 1919

From the editorial page of The Monroe Journal, Tuesday, Sept. 2, 1919, John Beasley, editor

The cost of living, based on figures since 1914, has increased 9 per cent more than the increased income of labor, according to the results of an investigation made by the New York industrial commission among the factory works of the state. The figures at best are only approximate, but they tend to dispel the idea that the increase in the cost of labor has advanced 500 per cent. The commission places the cost of living and the cost of labor in 1914 at 100, and found that in June 1918 the figures were: Earnings, 177, and prices 186.

No comments:

Post a Comment