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 III. The war period - an interregnum

Collection:: Economics Books

44 INDUSTRIAL REVOLUTION AND WAGES mentally this required that rates of pay should be adjusted at regular intervals in accordance with fluctuations in living costs. During the first months of the conflict, when the attempt was being made to adjust industry to war needs, difficulty was experienced in securing a sound basis or index for determining changes in living costs either nationally or by localities. The newly created wage-adjustment boards in the mining, manufacturing, and transportation industries had to do the best they could with the data available. It was soon evident, however, that an accurate, scientific index was absolutely necessary in order to reach uniform as well as just decisions. In the autumn of 1917, there- fore, after the first fixing of wages in the shipyards of the Pacific Coast by the Shipbuilding Wage Adjustment Board, its chairman, Mr. V. Everit Macy, took up the matter with President Wilson, and as a result, Dr. Royal Meeker, Commissioner of Labor Statistics, was instructed to formulate an index based on pre-war conditions, and by constant investigation to ascertain and publish regularly a living-cost index for the period of the war. Large appropriations to expedite this important undertaking were supplied by the President from the war emergency funds under. his control. BubpGETARY AND CosT-0F-LIVING INVESTIGATIONS The Commissioner of Labor Statistics immediately made an investigation of the cost of living of representative families of industrial workers in the principal cities and industrial centers of the country. This comprehensive cost-of-living and budgetary survey covered 12,096 fam- ilies in 92 localities. Average family budgets were evolved from the data obtained, and future changes in prices of

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