Abstract

Prosperity - Believe It or Not: IV. Workers and Owners
Chase, Stuart | November 27, 1929 issue

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This article reports on economic prosperity of Americans. The increase in white-collar jobs has been zealously nourished not only by distribution costs and wastes but by well-meaning mothers. In many cities, a bank clerk earns about $31 a week. A plumber is getting $46. There are from four to six times as many millionaires in the U.S. in 1929 as there were in 1914. Some 350,000 persons in the U.S. in 1927 had an income of $10,000 or more. Constituting one-half of one per cent of the adult population, they received over ten billion dollars or about 12 per cent of the national income that year.

See Also:

UNITED States -- Economic conditions -- 1918-1945; WHITE collar workers -- United States; WAGES; INCOME tax; CORPORATIONS -- United States; PRODUCTION (Economic theory); UNITED States
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