Business & Finance: More Money

Last fortnight the Securities & Exchange Commission released figures showing that 89 executives of General Motors, each receiving at least $20,000 a year, made nearly $3,000,000 in 1934 (TIME, Dec. 16).

Last week the Automobile Manufacturers Association reported that 3 20,000 workers in the automobile industry will this year receive $411,000,000, nearly 30% more than they were paid in 1934. Average wage per hour is 76¢, higher than in 1929, and average earnings per week worked are $26.99. Passenger car sales in November totaled 215,000 units, biggest November in the industry's history. But by...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!