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Identifier: cu31924066873443 (find matches)
Title: Before the United States Railroad Labor Board : argument for a wage increase
Year: 1922 (1920s)
Authors: Jewell, B. M American Federation of Labor. Railway Employees Dept United States Railroad Labor Board
Subjects: Wages Railroads Arbitration, Industrial
Publisher: (S.l. : Railway Employes' Dept., A.F. of L.
Contributing Library: Cornell University Library
Digitizing Sponsor: MSN

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rly asin the case of the producers of munitions, the pictureof inflation in this industry is equally striking.Clearly the simplest picture of the inflation periodappears in these curves vrhich show the rapid risein the prices of industrial products. The follovving table rith its chart show^againvery clearly the lack of relationship hetv/een theincrease in v;holosale prices and the increase in per capitaearnings. The great space between is a measure of theincreased margins taken by business and consequently ofincreased profits. By the first of 1918 the o\7nersY/ere receiving 75^ more for their products while the \7agesof labor had advanced less than one-half that amount.It is obvious that the industry ivas grabbing large profits. As in all other industries the employee doesnot appear as a partner sharing in the period of prosperity,but merely as a part of the works, receiving barely enoug.;to keep him going. As the cost of his upkeep rises hegets just enough increase to keep him going.
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9 5 HVHOLBSALE PRICES MP PER CAPITA EiJ^KINOSlU FOOIB) PRODUCTS (Index, January 1915 ^ 100) Based on U. S. J. .- Lept. of labor Wholesale price Index and N.Y. State Industrial Commission Figures for Per Capita EarnirES* Year and Month Index of Index per Wholesale Prices Capita Earmii^s 1915 January 100 100April ■ 99 102July 98 102October 97 105 1916 January 107 104April 110 112July 114 112October 132 116 1917 January 142 118April 172 122July 171 126Octolxer 173 127 1918 January 177 133April 168 145Jtay 174 152October 190 163 1919 January 195 168April 199 170^;iLy 204 183October 199 188 1920 Januaiy 239 205April 255 212July 253 224October 193 ESS 1921 January 153 2E1April 133 . 209July 127 a06 19. 96 Reference to the next table vrith its accompany-ing chart TTill establish the fc^ct that the sanetendencies existed in the fuel industry. As a matterof fact this industry quickly responds to a.nystimulus to the Iron and Steel Industry, The t-^oare practically a single industry. In the ta

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Jewell, B. M; American Federation of Labor. Railway Employees Dept;

United States Railroad Labor Board
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