The welfare of wage-earners is intimately affected by the
relation between the rate of wages and the prices of necessary
commodities that wage-earners have to buy. The diagram below
from _The Literary Digest_, gives the comparison of wages
and prices for a term of recent years.
(2503)
=Prices, Extravagant=--See EXTRAVAGANCE, MODERN.
[Illustration: SHOWING THE RISE IN THE AVERAGE PRICE OF 96
STAPLE COMMODITIES.]
[Illustration: SHOWING THE AVERAGE RISE IN WAGES BASED ON AN
INVESTIGATION OF 4,000 LARGE INDUSTRIAL ESTABLISHMENTS.]