Report Outline
Upsurge of Wage Rates and Welfare Benefits
Upswing of Producer and Consumer Prices
Continuing Upward Pressures on Labor Costs
Shares in Rising Corporate Earnings
Upsurge of Wage Rates and Welfare Benefits
The almost unbroken chain of wage increases won by organized labor during the first ten months of 1955, coupled with an unprecedented volume of industrial activity, has lifted the earnings of American workers to record heights. Preliminary estimates by the President's Council of Economic Advisers indicate that the annual rate of compensation for all employees, organized and unorganized, now stands at $224.3 billion—a gain of $16.4 billion over 1954.
Despite the upsurge of wage rates, living costs have remained relatively stable. The Eisenhower administration points to this phenomenon as an outstanding accomplishment of its leadership. Secretary of the Treasury Humphrey told a gathering of Republicans, Oct. 11, that “We now have a sound and stable dollar” and “wage-earners of America are now getting real wage increases instead of …cost of living increases.”
Labor Secretary Mitchell said, Sept. 25, that “The American worker… has more to spend for the things he needs than he has ever had before.” Vice President Nixon said American workers now have “more jobs at higher wages, with greater purchasing power and less strikes than at any time in history.” |
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Apr. 17, 2020 |
Inequality in America |
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Sep. 08, 2017 |
Universal Basic Income |
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Apr. 08, 2016 |
Future of the Middle Class |
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Apr. 18, 2014 |
Wealth and Inequality |
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Jan. 24, 2014 |
Minimum Wage |
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Jun. 19, 2009 |
Rethinking Retirement |
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Mar. 06, 2009 |
Middle-Class Squeeze |
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Mar. 14, 2008 |
Gender Pay Gap |
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Dec. 16, 2005 |
Minimum Wage |
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Sep. 27, 2002 |
Living-Wage Movement |
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Apr. 17, 1998 |
Income Inequality |
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Oct. 27, 1978 |
Wage-Price Controls |
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Jun. 16, 1978 |
Military Pay and Benefits |
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Mar. 23, 1966 |
Rising Cost of Living |
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Oct. 25, 1961 |
Price-Wage Restraints in National Emergencies |
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Jun. 21, 1961 |
Wage Policy in Recovery |
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Jun. 11, 1958 |
Prices and Wages in the Recession |
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Sep. 18, 1957 |
Control of Living Costs |
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Nov. 02, 1955 |
Wages, Prices, Profits |
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Jan. 26, 1954 |
Minimum Wage Raise |
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Jan. 02, 1954 |
Cost of Living |
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Jan. 21, 1953 |
Guaranteed Annual Wage |
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Dec. 17, 1952 |
Future of Price and Wage Controls |
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Nov. 19, 1951 |
Fringe Benefits and Wage Stabilization |
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Dec. 06, 1950 |
Wage Control |
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Jun. 13, 1949 |
Wages in Deflation |
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Jun. 04, 1947 |
Guarantees of Wages and Employment |
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Oct. 29, 1946 |
Decontrol of Wages |
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Dec. 01, 1945 |
Minimum Wages |
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Sep. 29, 1945 |
Wage Policy |
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Oct. 27, 1944 |
Wage Security |
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May 17, 1943 |
Incentive Wage Payments |
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Aug. 25, 1941 |
Prices, Profits, and Wage Control |
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Apr. 28, 1941 |
Wartime Changes in the Cost of Living |
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Sep. 21, 1940 |
Two Years of the Wage-Hour Law |
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Nov. 01, 1938 |
Industry and Labor Under the Wage-Hour Act |
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Jan. 20, 1938 |
Wage Rates and Workers' Incomes |
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Apr. 11, 1935 |
The Cost of Living in the United States |
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Sep. 01, 1930 |
Wages and the Cost of Living |
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May 24, 1930 |
The Anthracite Wage Agreement |
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Feb. 20, 1925 |
Measure of Recovery in Profits and Wages Since 1920–21 Depression |
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