SLUMP LOSSES
AMERICAN ESTIMATE AN INTERESTING ANALYSIS (United Press Association.) (By Electric Telegraph—Copyright.) NEW YORK, June 10. The National Industrial Conference Board has issued an analysis of official data indicating that the three years’ depression—l93o to 1932—cost the American people 108,000,000,000 dollars. Business proprietors and investors lost nearly two-thirds of this sum, and employees over one-third. Taking the income level of 1929 as a basis, the total loss to employees in wages and salaries exceeded 37,000,000,000 dollars. Losses from rents, royalties, interest, and dividends totalled 47,400,000,000 dollars,' and business losses and reduced assets of individual proprietors and corporations were 23,200,000,000 dollars. The amount of national income paid to employees fell by 40.3 per cent., while other than labour income declined 74.1 per tent, in the period when the produced national income fell off 52.6 per cent.
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Otago Daily Times, Issue 22286, 12 June 1934, Page 10
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136SLUMP LOSSES Otago Daily Times, Issue 22286, 12 June 1934, Page 10
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