Between 1914 and 1969, weekly wages in manufacturing industries in the United States grew by a factor of 12. In the first half of the century, the most significant periods of increase came during the World Wars, as manufacturing industries were at the core of the war effort. However, wages then fell sharply after both World Wars, due to post-war recessions and oversaturation of the job market as soldiers returned home. Interwar period Wage growth during the interwar period was often stagnant, despite the significant economic growth during the Roarin' 20s, and manufacturing wages remained steady at around 24 dollars from 1923 to 1929. This was, again, due to oversaturation of the job market, as employment in the agricultural sector declined due to mechanization and many rural workers flocked to industrial cities in search of employment. The Great Depression then saw the largest and most prolonged period of decline in manufacturing wages. From September 1929 to March 1933, weekly wages fell from 24 dollars to below 15 dollars, and it would take another four years for them to return to pre-Depression levels. Postwar prosperity After the 1945 Recession, the decades that followed the Second World War then saw consistent growth in manufacturing wages in almost every year, as the U.S. cemented itself as the foremost economic power in the world. This period is sometimes referred to as the Golden Age of Capitalism, and the U.S. strengthened its economic presence in Western Europe and other OECD countries, while expanding its political and military presence across Asia. Manufacturing and exports played a major role in the U.S.' economic growth in this period, and wages grew from roughly 40 dollars per week in 1945 to more than 120 dollars by the late 1960s.
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Graph and download economic data for Average Hours of Work Per Week, Manufacturing Industries, Total Wage Earners for United States (M0829AUSM065NNBR) from Jun 1920 to Jul 1948 about hours, wages, manufacturing, industry, and USA.
PERIOD: 1923-1927. NOTE: Average wages at the location of the 26 Chambers of Commerce in Japan up to 1920, and at or near the location of the 13 Chambers of Commerce in major cities after 1920. SOURCE: [Monthly Statistics on Wages].
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The study of Jürgen Nautz deals with selected aspects of tariff autonomy and wage development during the years of inflation in the Weimar Republic. First the development of wages will be presented in the context of cost of living. To investigate the question of tariff autonomy in the inflation period it is of special interest to analyze the usage of arbitration instruments by unions, management and the state. Another central subject of this study is the fundamental position concerning the question of the design of important relations. Two themes are in the focus of interest; the ideas of the further refinement of the collective bargaining principle and the arbitration of labor disputes. Especially concerning tariff autonomy legal positions were developed during the inflation years which had an important impact on the discussion about tariff autonomy during the entire period the Weimar Republic.
Data tables in HISTAT: A.1 Development of cost of living: Index of the statistical office of the German Empire (1920-1923) A.2 Index of average real weekly wages per collective agreement Index (1913-1923) A.3 Real weekly and real hourly wages of unskilled and skilled workers (1919-1923) A.4 Strikes and lockouts (1918-1924) A.5 Number of collective agreements (1918-1929)
The median employment income of persons not in census families in Canada increased by 1,920 dollars in 2022 in comparison to the previous year. With 37,800 dollars, the median employment income of persons not in census families thereby reached its highest value in the observed period.
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Graph and download economic data for Average Hourly Earnings, Automobile Manufacturing for United States (M0807AUSM259NNBR) from Jun 1920 to Jul 1948 about earnings, vehicles, hours, manufacturing, and USA.
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Graph and download economic data for Average Hourly Money Earnings in Payroll Manufacturing Industries for United States (A0850BUSA052NNBR) from 1920 to 1933 about payrolls, earnings, hours, manufacturing, industry, and USA.
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Graph and download economic data for Average Hourly Earnings, Meat Packing for United States (M0802AUSM265NNBR) from Jun 1920 to Jul 1948 about meat, earnings, hours, and USA.
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Graph and download economic data for Average Hourly Earnings, Iron and Steel Manufacturing for United States (M0810AUSM265NNBR) from Jun 1920 to Jul 1948 about iron, steel, earnings, metals, hours, manufacturing, and USA.
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Graph and download economic data for Average Hourly Earnings, Electrical Manufacturing for United States (M0811AUSM259NNBR) from Jun 1920 to Jul 1948 about electronics, earnings, hours, manufacturing, and USA.
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Graph and download economic data for Average Hourly Earnings, Rubber Products Manufacturing for United States (M0819AUSM265NNBR) from Jun 1920 to Jul 1948 about rubber, earnings, hours, production, manufacturing, and USA.
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Graph and download economic data for Average Hourly Earnings, Furniture Manufacturing for United States (M0806AUSM265NNBR) from Jun 1920 to Jul 1948 about furniture, earnings, hours, manufacturing, and USA.
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Graph and download economic data for Average Hourly Earnings, Wool Manufacturing for United States (M0831AUSM265NNBR) from Jun 1920 to Jul 1948 about wool, earnings, hours, manufacturing, and USA.
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Graph and download economic data for Average Hourly Earnings, Paper and Pulp for United States (M0835AUSM265NNBR) from Jun 1920 to Jul 1948 about wood, paper, earnings, hours, and USA.
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Graph and download economic data for Average Hourly Earnings, Leather Tanning and Finishing for United States (M0804AUSM265NNBR) from Jun 1920 to Jul 1948 about leather, finished, earnings, hours, and USA.
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Graph and download economic data for Average Earnings Per Shift, Anthracite Coal Miners for Dortmund Mining District, Germany (Q0847BDE00DTMQ367NNBR) from Q1 1920 to Q4 1932 about Dortmund District, anthracite, coal, Germany, mining, and earnings.
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Graph and download economic data for Average Hourly Earnings, Boot and Shoe Manufacturing for United States (M0805DUSM265NNBR) from Jun 1920 to Jul 1948 about footwear, earnings, hours, manufacturing, and USA.
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Between 1914 and 1969, weekly wages in manufacturing industries in the United States grew by a factor of 12. In the first half of the century, the most significant periods of increase came during the World Wars, as manufacturing industries were at the core of the war effort. However, wages then fell sharply after both World Wars, due to post-war recessions and oversaturation of the job market as soldiers returned home. Interwar period Wage growth during the interwar period was often stagnant, despite the significant economic growth during the Roarin' 20s, and manufacturing wages remained steady at around 24 dollars from 1923 to 1929. This was, again, due to oversaturation of the job market, as employment in the agricultural sector declined due to mechanization and many rural workers flocked to industrial cities in search of employment. The Great Depression then saw the largest and most prolonged period of decline in manufacturing wages. From September 1929 to March 1933, weekly wages fell from 24 dollars to below 15 dollars, and it would take another four years for them to return to pre-Depression levels. Postwar prosperity After the 1945 Recession, the decades that followed the Second World War then saw consistent growth in manufacturing wages in almost every year, as the U.S. cemented itself as the foremost economic power in the world. This period is sometimes referred to as the Golden Age of Capitalism, and the U.S. strengthened its economic presence in Western Europe and other OECD countries, while expanding its political and military presence across Asia. Manufacturing and exports played a major role in the U.S.' economic growth in this period, and wages grew from roughly 40 dollars per week in 1945 to more than 120 dollars by the late 1960s.