Wages and the Public Interest ...Space Machines, Wages, and the American Economic Drift -- Our Mounting Economic Dangers -- The Consumption Lag Is Basic -- Wage Lag Underlies Consumption Lag -- Wages Have Lagged Behind Investment In Means Of Production -- Wages Have Lagged Behind Profits -- Wages Have Trailed Prices, And Wage Costs Have Not Justified Price Inflation -- Wages Have Not Caused Inflation Through Too Much Purchasing Power, And Full Employment Is Not Inflationary -- Wage Rates Have Not Been Too High From Viewpoint Of Productivity -- Wages And The Public Interest -- Wage Progress And The Farmer -- Goals For Wage Earners, Farmers, And All The People -- Wage Progress, National Security, And Domestic Public Programs -- Explanatory Notes. |
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3rd Qtr 4th Qtr annual average rate annual rate Averages Capita Output billion dollars billion higher Billions of 1956 business investment Conference on Economic consumption lag Current Dollars Data declined Dept domestic programs Economic Progress employment and full estimates of 4th expanded families farmers Federal Reserve System fourth quarter 1957 full employment full production FULL PROSPERITY Goal gross national product growing hard money policy hourly wage Income After Taxes KINDRED PRODUCTS Korean war LAG IN TOTAL lag in wages living standards means of production needed period petroleum plant and equipment price inflation productivity gains Public Outlays purchasing power quarters of 1956 real terms real wage recession salary rates three quarters 1957 total consumer income total economic activity total national economic Total National Production total wages transfer payments trends unemployment wage earners wage increases wage lag wage rates wages and consumption wages and salaries wages have lagged whole economy