BRITISH WAGES.
WHAT RECENT REDUCTIONS MEAN
Although the local wages' problem is giving rise to a great deal of discussion, it appears almost' trivial in comparison with the corresponding problem in the United Kingdom. The question there is no longer whether wage reduction much more -sweeping than any contemplated in this country shall he effected, but how far the process of reduction must be carried in order to permit such a lowering of producing costs and prices as will stimulate trade revival. According to the official Labour Gazette, the average reduction in rates of wages in a wide range of British industries from the beginning of 1921 until the end of February, 1922, has been equivalent to between 25 and 30 per cent. This means that in the space of liitle more than a year the wages of some millions of British workers have been reduced by one-fourth or more from the point at which they stood when the post-war boom collapsed.
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Bibliographic details
Waipa Post, Volume XXI, Issue 1242, 13 May 1922, Page 2
Word Count
162BRITISH WAGES. Waipa Post, Volume XXI, Issue 1242, 13 May 1922, Page 2
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