Why Wages Rise
Index
A
Abilities, exchange of, 35-42
Animals, tools of mankind, 28
B
Bargaining, wage, 100
Benefits
fringe, 72-83
vacation, 91
Bonds, government, 22
Business cycles (and charts), 107-119
Buying power
loss of, 65
production and, 53
selling and, 95
theory, 112
C
Capital
General Motors, 14
Marxian view of, 25
unemployment and, 113
use of, 19-27
see also, Money
Choice-making
encouraged, 118
house building and, 117
leisure and, 88
spending and, 63-71
Clark, Colin, 86n
Clipped dollars, 51
Communism determining needs, 72
Consumption. See Production
Controls. See Government
Cooperation in labor exchange, 35-42
Costs
government, 22, 63-71
leisure time, 84-94
production, 63-71
D
de Jouvenel, Bertrand, 102
Demand, labor, 24, 103, 107-119
Depression wages, 5, 111
Dewhurst, J. Frederic, 34, 90
Dollars. See Money
Douglas, Paul H.
demand for labor, 103
wage rates, 108, 111
E
Earnings. See Income; Wage rates
Economic welfare
effects on, 95-106
sharing, 76
Employment. See Labor
Energy
output (table), 34
tools to harness, 28-34
Exchange
labor, 35-42, 95
lubricant for, 43-56
F
Food and sun’s energy, 28
Force
price, 98
unemployment created by, 89, 102, 109
see also, Government
Free market
pricing in (and chart), 95-106, 107
production in, 95
wages, 14, 19-27, 107-119
French Revolution, inflation during, 61
Fringe benefits, 72-83
G
General Motors profits, 14
Government
bonds, 22
communistic, 72
controls
danger of, 111
money, 52
costs of, 22, 63-71
force of, 98, 102, 109
self-control and, 70
socialistic, 72
Welfare State, 74, 81
I
Incomes
fringe benefits and, 72-83
government costs and, 22, 63-71
inflationary effects on, 53-62
shares of (chart), 110
wage rates
and, 14, 19-27, 108-109
Inflation
defined, 53n
French Revolution, results of, 61
money and, 53
production and, 5, 50
savings and, 49, 59
taxation and, 54
wages and, 49, 53-62
Inventions, 30, 45
Investments. See Savings
J
Jouvenel, Bertrand de, 102
K
Kendrick, John W., 15
L
Labor
demand for, 24, 103, 107-119
exchange of, 35-42, 95
fringe benefits of, 72-83
inflationary effects on, 49, 53-62
leisure related to, 84-94
pricing, 95-106, 107-119
profits, 14, 24, 113
services, 63
slave, 23
supply and demand for, 24, 103, 107-119
surplus
production and, 101
theories, 24, 113
unemployment, 89, 102, 109
unions, 9-13, 89
wages of. See Wage rates
“work year” of, 86
Leisure
better living and (chart), 90
free choice in, 88
labor unions and, 89
productivity and, 86
unwanted, 92
wage rates related to, 84-94
welfare and, 85
Liberty. See Free market
Lindeman, Raymond, 28n
M
Marx, Karl, surplus value theory of, 24, 113
Money
clipped dollars, 51
function of, 43-52
government control of, 52
inflation, 53
see also, Capital; Savings
Monopoly, wages affected by, 67
Motive power, 30
N
Needs, government determination of, 72
P
Pigou, A. C.
demand for labor, 103
wage rates, 108, 111
Plants, tools of mankind, 28
Prentice, E. Parmalee, 30n
Prices
depression, 5, 111
force and, 98
free market (and chart), 95-106, 107
labor, 95-106, 107-119
wages and, 99, 107, 111
Production
buying power of, 53
cost of, 63-71
inflation and, 5, 50
leisure and, 86
market, 95
miracle of, 28-34
specialized, 35-42
surplus, 101
tools of, 19-27
wages of, 14-18 (and chart), 20, 75
Profits
General Motors, 14
Marxian concept of, 24, 113
unemployment and, 113
Progress
contracting for, 53-62
fringe benefits defeat, 72-83
Prosperity threatened, 5
R
Read, Leonard E., 37n
Roadblocks, 6
S
Savings
inflation and, 49, 59
use of, 19-27
Self-control, 70
Selling. See Buying power
Slave labor, 23
Socialism determining needs, 72
Specialization, 35-42
Spending, choice in, 63-71
Sun’s energy, 28
Supply, labor, 24, 103, 107-119
Surplus
labor, 101
value theories, 24, 113
T
Taxation
double, 22
inflation as, 54
wages affected by, 69
Theories
buying power, 112
labor and surplus value, 24, 113
Tools
harnessing energy, 28-34
productive, 19-27
Trade. See Exchange
Tucker series (chart), 11
U
Unemployment. See Labor
Unions, labor, 9-13, 89
V
Vacation benefits, 91
Value
labor and surplus, 24, 113
see also, Choice-making
W
Wage rates
bargaining, 100
benefits to, 72-83
business cycles and, 107-119
contract for, 53-62
cost of government and, 63-71
demand of, 24, 103, 107
depression, 5, 111
division of, 14, 19-27, 109
exchange
abilities and, 35-42
lubricant for, 43-52
free market, 14, 19-27, 107-119
inflation and, 49, 53-62
labor
pricing, 95-106, 107-119
unions (and chart), 9-13, 89
leisure and, 84-94
monopoly and, 67
prices and. See Prices
production and, 14-18 (and chart), 20, 75
real and unreal (chart), 57
roadblocks to, 6
taxation and, 69
tools to harness energy, 28-34
trends (chart), 68
unemployment and (chart), 104
Welfare
inflation and, 50
leisure and, 85
States
growth of, 74
small, 81
White, Andrew Dickson inflationary views of, 61
Woytinski (W. S.) & Associates (chart), 11, 57
