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Show oo WHO GOT THE MONEY Many false notions about wages and profitu duflng the war boom are exploded ex-ploded by the preliminary analysis of tile 1020 census of manufacturing In the United States. The average wage-earner received j$582 for his work during the yea 191-1 I In 1919 he got $1159, or a trifle less ! than ?1"0 a month. The gain was ; about 100 per cent almost exactly. In I rough' figures, i matched increase in jcost of living. The ' white collar jobs" did not fare as well. The pay of the average sala J lied employe in manufacturing estab jllshments was $1335 In 1814 It rose to' I $1909 in 1919. a gain of a trifle less than 50 per cent. What was labor's share of the total? to-tal? The census answers, as accu raieiy as ever win oe possioic. In 1919. there were 290,111 manuiao-turlng manuiao-turlng establishments On their payrolls pay-rolls they had' 9.098,110 wage-earners 1.4 17,701 salaried employee. 270,002 proprietors and firrn mem ber? The total alue or selling price of all I manufactured pi oduds was $62,427,-825,000. $62,427,-825,000. From this, subtract $37,880 124,000, the value of materials used in ! manufacturing. The balance wai pi D like this j Wages $10,546,805000 i Salaries $ 2,893.046,000 This leaves (after paying for male-rials, male-rials, wages and salaries $11,608,750, '000 Out or this came overhead expenre-;. including taxes, rent, depreciation fund . interest on loans What was left went as profits on Investment of $44,77G.006,0Oii, which enormous figure was the combined capitalisation of all manufacturing establishments in 1919. Bringing 1910 manufacturing down to small figures, out of every $fi21 received re-ceived In sale of products. $374 went for rnw and other materials, $105 for wages, $29 for salaries leaving $116 for taxes, depreciation, rent and all other overhead, also profits. It is obvious that, in manufacturing, neither wages nor profits were, on the average and excluding exceptions, as great as has been gi ne rally believed. It looks big on paper, but the figures fig-ures were In terms of lnllated dollars - dollars of decreased buying power. Between 1914 and 1919. manufacturing manufactur-ing increased its number of wage-earners wage-earners 29 per cent and the number of salaried employes 50 per cent. In the trip back to normal production, this explains much of the uncmploy ment since the smash came in May, 1020 |