Salaries of middle-echelon executives rose only 2.7% in fiscal 1962, exactly the same as the rise in blue collar manufacturing wage rates. The Labor Department reported this week that its survey of more than 1,700 big companies showed that middle-echelon salaries run highest in manufacturing, utilities, wholesale trade and engineering. They scrape bottom in retail trade, finance, insurance.
Best paid of hired help are corporate attorneys, who begin straight out of law school at an average $6,552 a year and scale steadily up to $22,392 as chiefs of their legal departments. Engineers do better as beginners, at $6,708, but not quite...
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