The new industrial revolution and wages

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Monograph

Identifikator:: 1804651486

URN:: urn:nbn:de:zbw-retromon-193069

Document type:: Monograph

Author:: Lauck, William Jett http://d-nb.info/gnd/173237126

Title:: The new industrial revolution and wages

Place of publication:: New York

Publisher:: Funk & Wagnalls

Year of publication:: 1929

Scope:: ix, 308 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XII. Labor and the new industrial revolution

Collection:: Economics Books

LABORS NEW STATUS 279 The general average of annual, average earnings for all classes of employees was approximately $1,500. A study made by the National Industrial Conference Board of about 750,000 employees in all branches of manu- facturing disclosed for the year 1927 actual weekly earn- ings of slightly less than $27.00 in round figures. If such employees had worked full time for the entire year, their average annual income would have been approximately only $1,400. The reports of the New York Department of Labor, covering 400,000 wage-earners employed in the fac- tories of the State, indicate for the year 1927 average annual earnings of only $1,400 to $1,500. The United States Bureau of Labor Statistics reported on July 1, 1927, that the average hourly entrance rate of unskilled labor for the country as a whole on construction work, on public utilities, and in representative branches of manufacturing, ranged from 39 to 61 cents per hour, the general average being only 42 cents per hour. It also showed that the average weekly wage of railway track laborers (about 200,000 in number), was only $17.00. The Bureau of Agricultural Economics of the Department of Agriculture also reported that the average monthly wages of farm laborers in October, 1927, were only $35.68 with board, and only $48.77 without board. It may be conserva- tively estimated in general that all farm laborers, at least one-half of the mine workers, employees in manufacturing and mechanical industries, and clerical workers, and one- third of the manual workers in transportation, trade, and public service, do not earn more than $25.00 per week or $1,200 per annum. The following comparative statement shows the yearly cost in 1926 of minimum budgets for an average family of clerical or industrial workers, according to the standards and inquiries of the best authorities *

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