OCR Text |
Show U.5:PH0SPEHITY REACHES HIGH . LIK Wage Earners Held Better Bet-ter Off Than During High Wage Peak NEW 'YORK, Aug. 11 (By A. P.) American wage-earners are now enjoying a period of prosperity, greater even than tha so-called "peak period" of 1110, according to a statement Issued by tha National Industrial Conference board, which recently concluded a, research into wages and tha coat of living. Asserting that 110 - "need no longer be considered tha moat recent re-cent hlghwater mark for workers In Industry." tha Investigators point out that many plants have announced Increases of 10 to 1 per cent. "it Is. true th jjnort continues, con-tinues, "that wagea were at their highest levels In 1N. but tha cost of living was also high at that tha Investigator find, tha assi si Usiag daallwart mora sapkUr thar. earnings, and In 111 wsges again began to rise, first as a teeult of longer hours worked and later because of wage increases." The report, based on a study of conditions in plants employing 00.-000 00.-000 workers, estimate tha comparative com-parative ezceas of rising wsges over rising living coats aa net ween IT and II par cent greater in May. it:, than In June, 1910. using July, 1(14 tha last prewar monlh as a working Daaia. "Tha wage-aarner wa batter off In May. It!, than during th pak' month of H20," It observe In conclusion. -Wagea in May wera faat approaching tha 'peak' levels whlls the coat of living wa con- Iderably below th "peak' and In consequence Veal . earnings' row well above tha former 'peak" fig-ures." |