STATE OF BUSINESS: Pressure on Prices

STATE OF BUSINESS Pressure on Prices The average pay of U.S. workers set an alltime high in December of $2.05 hourly, or $84.05 a week. Employment of 64.6 million also set a record for the month. The Connecticut Manufacturers Association survey of 70 companies found one job unfilled for every eleven taken.

With wages and employment at record levels, other income sources joined to swell U.S. buying power. Social Security was a growing factor. National benefits paid to 10 million people added up to about $6 billion annually.

The record national income and spending pressed hard on...

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