Salt Lake Telegram | 1928-01-01 | Page 1 | Rise in Wages, Decline in Prices Predicted by Columbia Professor

Rise in Wages Decline in Prices Prices' Prices Predicted by Columbia Professor NEW YORK Dec 31 AP Con P Con P-Con- Con Continued rise of wages wages for industrial workers and stable or slowly declinIng declining ing price levels during toe thO next dec decade ade or two 0 are seen by P Professor Frederick C. C Mills of Columbia university university uni unI- In a summary prepared In Ip connection with the research program program program pro pro- gram o of the national national bureau bureau of economic economic economic eco eco- research As a basis for or his forecast Professor Professor Professor Pro Pro- fessor Mills briefly outlines price levels of ot the past thirty seven years he shows that earnings of ot per capita labor In manufacturing lines Jines have Increased approximately 25 5 per cent centa a 3 year since 1 1922 22 while the price Jf level since that year has been stable He continuation o of this stability sta sta- to push earning powers to higher levels Stability is not impossible for tor organized intelligence may in the tho future play a a. part it has never played before beCore in determining the tM trend of price level Prof Professor Professor- Mills says sas In speaking o of real earnings he lie- sa says sas s that earnings corrected corrected cor cur for cha changes In cost or living JIving have been increasing at a rate of or about 15 15 per pel cent a year Professor Protessor Mills figures are based on information tion secured from the federal bureau bu bu- bu- bu reau leau of 01 labor statistics j i. i d