International Marxist Group Archive

Magazines, bulletins and booklets of the IMG and its forerunners, 1961–1984

Since the Pay Pause

International Bulletin Vol. 1, No. 18, 18 April 1962 · p. 10 of the scan · 93 words

The scan: ib-v01n18-19-apr-18-1962.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the OCR of the heading.

The following table is extracted from tho iconomist and gives a quite clear picture of the effects of the pay pause policy: Item Period covered change Remarks

per cent Woukly wage rates July, 1961 February, 1962 up 1l{ Ustimates of the total

anount paid in wages

are only available an

annually Company profits end Quarter, 3rd Quarter - 33 Seasonally adjusted

1961 1961 Purchasing power July 18,1961 February 13 - 2+ Based on the retail of & sterling 1962 price index Value of imports May-July Dec. 1961 no ) Based upon averages of

← Industrial Production (19531961 Feb. 1962 onan) the seasonally adjusted →

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