Iceland 1930

Bibliographic data

Monograph

Identifikator:: 1830571079

URN:: urn:nbn:de:zbw-retromon-221162

Document type:: Monograph

Title:: Iceland 1930

Edition:: 2. ed.

Place of publication:: Reykjavík

Publisher:: Ríkisprentsmiđjan Gutenberg

Year of publication:: 1930

Scope:: 193 S.; Tab., Kt., Taf.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Social conditions

Collection:: Economics Books

19 Autumn 1914 10415 16 21 UY £46 291 Autumn a22 291 “3 2m 24 321 we 283 N94 247 1 227 28 226 1920 225 It will be seen that after the outbreak of the Great War prices at once began to rise considerably. The increase continued with great rapidity in 1917 and 1918, while in 1919 it was more gradual; but in 1920 the highest point is reached at 346 per cent; thereafter there was some reduction which during 1924 gave way to a new and con- siderable increase. In 1925, however, a decline again set in, and since 1927 the price-level has remained practically unchanged, at some 125 per cent. above pre-war level. During the war, wages, though rising preity sharply, were far from keeping pace with the increase in prices. Tolerably reliable infor- mations respecting wages are available only for unskilled workers and seamen in Reykjavik, and they go to show that wages did not till 1921 reach the same comparative level as the general percentage of increase, while thenceforward there has been little decline propor- tionately to the fall in prices. In settling questions of wages some re- gard has, indeed, been had to the cost-of-living index which, however, has never been allowed to regulate the wages automatically, Salaries of State officials were fixed by an Act of Althingi in 1919 and on the whole raised somewhat above the pre-war level, though not nearly to the same extent as prices had by then increased, for it was believed that the enhancement would not be of long duration, and that prices would gradually fall. In view of this it was decided that officials should provisionally enjoy, over and above their statutory salary, an annual allowance to be fixed according to calculations made on the basis of the prices of certain specified goods in October the preceding year. In the case of a salary exceeding 4500 krénur, no allowance is granted on the portion exceeding the 4500 krénur limit, and salary and allowance together must not, ‘as a rule, exceed 9500 krénur. According to this the allowance has been as follows: 1920 120 per cent. on salary 1921 1373 1922 91 1923 60 1924 52 19285 78

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