Wages And Prices; An Inquiry Into the Wages System And the Relation of Wages And Prices
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In 1917 the wages advances were more consider- able ; 5,029,000 workpeople received increases in their weekly wages as compared with 1916— amounting to £2,307,000. These advances were spread fairly evenly over the principal industries.
At the end of 1917 the general level of wholesale prices was 109 per cent, above the figures of 1913.
Up to this point the wages had lagged behind the increase in the cost of living. In the year 1918 the increase of wages was greater than that recorded for 1917, ...and it exceeded the total of any previous year. In this year (1918) 5,654,000 workpeople obtained advances of wages, showing a total of net increase in weekly wages as compared with the previous year of £2,783,000. As in the previous year the advances were spread fairly evenly over the whole of industry.
The most noteworthy feature of the wage move- ment of 1918 was the widely extended application of the bonus of 12j per cent, on earnings which towards the end of 1917 had been granted to men engaged on plain time rates in munition works, in engineering and shipbuilding establishments.
What to read after Wages And Prices; An Inquiry Into the Wages System And the Relation of Wages And Prices?
You can find similar books in the "Read Also" column, or choose other free books by Snowden, Philip Snowden, Viscount, 1864-1937 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In 1917 the wages advances were more consider- able ; 5,029,000 workpeople received increases in their weekly wages as compared with 1916— amounting to £2,307,000. These advances were spread fairly evenly over the principal industries.
At the end of 1917 the general level of wholesale prices was 109 per cent, above the figures of 1913.
Up to this point the wages had lagged behind the increase in the cost of living. In the year 1918 the increase of wages was greater than that recorded for 1917, ...and it exceeded the total of any previous year. In this year (1918) 5,654,000 workpeople obtained advances of wages, showing a total of net increase in weekly wages as compared with the previous year of £2,783,000. As in the previous year the advances were spread fairly evenly over the whole of industry.
The most noteworthy feature of the wage move- ment of 1918 was the widely extended application of the bonus of 12j per cent, on earnings which towards the end of 1917 had been granted to men engaged on plain time rates in munition works, in engineering and shipbuilding establishments.
What to read after Wages And Prices; An Inquiry Into the Wages System And the Relation of Wages And Prices?
You can find similar books in the "Read Also" column, or choose other free books by Snowden, Philip Snowden, Viscount, 1864-1937 to read onlineMoreLess
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