Show iges w Prices Up Down With Resu That Average Mans Man's Buying Powe Is r More ore Than Twice That of 1 19 A ATHE THE TREND OF WAGES AND 2 0 1 CAN RJ e 0 l F COMMODITY l PRICE i 10 1 f l PER HOURI 1907 The Adva Now Lies Lies More With B tage I 0 of Goods Goods' Than at Any Time Since sincel I I the he War Boom Ever Eve sInce 1915 wage rates have been goIng up That has has been the been the major trend as the economIcs say Th The only exception was In in 1921 when wage rates took a small smal drop The was immedIately offset by one of of the most spectacular periods pe- pe nods of wage in our entire en- en tire Ure Industrial hIstory The chart shows this story As the new ne year begIns it is still sti In progress though there Is a great deal of talk just now now to the effect that the has that stopped wages have stabilized at the present levels There Is nothIng In the slant or of the lineup to January Januar 1 to IndIcate this though It may very ver well wel turn out that wages have reached their peak and that the year 1927 will wil not see any further general rise ris In wage rates WAGES 15 PER CENT ABOVE 1913 The p point is that at the years year's yeas yea's end wage rates were per cent above theIr 1913 level This Is a most ment It I needs to be quale two other considerations o oi which modifies it i and the oth which accents it still i sti further The first one Is the t fact ct wage rates do not b bi power Buying power is ascer by multiplying wage rates rates' by A mans man's wage r t j be very hIgh but it if ft i is a co flied by many s da-'s das out or of Work Workmans Workman's Workmans Workman's mans man's buyIng power w wilt be b I Is proportion If I we apply thIs rates we fInd that the dollar dolar remainIng the same stands today at about 1334 p pe r above 1913 instead ot of per above The other qualification of wage rate rate statement Is the c cot ci ot Of commodIty prices Wha c man buy today when he goes the market with wih his pay compared to 10 1913 PRICES ONLY 50 5 PER C tT ABOVE PREWAR The outstandIng feature f past five years has been the c cof co of commodIty prices With Wil c down and variations su h ha a. a shown in the cha chart t. t the fact 51 mains that prIces today stan practically where they last half hal ot of 1920 And all all' 1926 prices have ha been declining total decline reaching about 9 0 cent PrIces now noW are about 5 5 cent above prices in 1913 Whereas purchasing pows pow 1926 was 1334 per cent cen ab J prices were but 50 per that year That is is the v worker has more than I much purchasing power mesa mea by prIces as he had in 1913 PrIces are high That s es are But other prices low LIst the things that buy from automobiles on the hand han to mens men's socks which actually sellin for less mon mon I 1 dollars than they were the other other hand and relie rices on the whole are in 1 able position for the purchase ADVANTAGE NOW LIES WITH BUYER Furthermore the supply ot t i commodities compared with wih I demand Is such as to mak ak adva tage lies les with wih the b 1 t rather than with the seller seler person wants to fo buy any thIn is in a position to shop ar aroun un buy to advantage But if h 1 t tto i to sell sel anything ho he has to fl 11 customer and to do that he P make his prices attractive J Is to say there exists now less commodities a I rather than a sellers seller's seler's mark markets markets' t i has not been a time sInce the began when a customer w I in a position to get et wh wanted as he is today The tomer has the money and 1 has the goods and on a basis where the b than a the seller has to be sati i I |