Show 2119 BILLION U S personal income still on elevator everybody works everybody makes money that Is the theme song of the american people who are nevertheless twisting and turning in the clutches of an intolerable condition of inflation but the money keeps on rolling in personal income hit a historic high rate of 2119 billion dollars in june the commerce department has reported that figure is 25 billion collais above the total personal income for may responsible for the large may to june increase were the absence of major strikes impact of third round wage boosts in durable goods industries and higher prices received by farmers for livestock the department ot of commerce said wage and salary payments jumped 23 billion dollars in june the agency attributed the wage and salary increase to a longer work week higher hourly earnings and a spring upturn in employment in soft goods industries government construction a and n d trade payrolls also got on the elevator farm income jumped 2 billion dollars to a total of billion in june as farm prices rose 5 per cent instead of declining as they usually do in that month aided by the june upsurge personal income in the first half of 1948 rose to a 2031 billion dollar annual rate well over that of 1947 |