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Wages and the Cost of Living

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Pacific Press Publishing Company · Oakland, Cal. · Jun 25, 1902

FromSigns of the Times, Vol. 28, No. 26.

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Wages and the Cost of Living

According to Public Opinion, basing its statement on Dun's index number of prices of staple products and an article in Gunton's Magazine, based on census reports, all of which are considered reliable, there has been an actual decrease in the average wages during the last decade of 1.5 per cent., and an actual increase in the prices of staple products those wages would buy of 1.8 per cent. This means a practical reduction in wages of 3.3 per cent. The decade ending in 1890 made much greater advance in wages and their purchasing power.