The Economist calculated in its last week's issue changes in wage . rates and prices in the last 15 months. It concluded: "During the past 15 months weekly wage rates and prices have both risen by about 5%. The increase in the real value of money incomes will therefore have come entirely from the upward drift in earnings..." It went on to say that the budget would probably add 1% to the cost of living. Thus trade unionists have had a powerful argument presented to them for wage increases from a rather unexpected source!
The WeekThe Week Vol. 3, No. 17, 28 April 1965
Wage Rates Now One Per Cent Behind Price Rises
The scan: The Week v3 no17.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.