The Change in the Distribution of the National Income: 1880-1913 (Classic Reprint) - Tapa blanda

Excerpt from The Change in the Distribution of the National Income: 1880-1913

The proportion of the national income received as wages diminished from about 41% to 354 per cent., but the receipts per wage-earner increased about 34 per cent.

The proportion received by persons assessed to income-tax increased slightly. The number of such persons increased more rapidly than the occupied population (or the number of persons with separate incomes) and if to allow for this we measure incomes above £225 in 1913 and compare them with incomes above £160 in 1880, the proportions of the total are 47 per cent. At the earlier and 444 per cent. At the latter date.

The proportion received by the intermediate class in creased at least, on my method of reckoning, from 14 per cent. Of the whole in 1880 to 17 per cent. In 1913. The evidence points to a greater increase, which, when we add in the incomes in 1913, between £160 and £225, is from 114 per cent. At the earlier date and 20 per cent. At the latter.

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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from The Change in the Distribution of the National Income: 1880-1913

The disturbances arising from the war have caused a redistribution of real income, and have brought to the front in their acutest form the old questions, how command over the purchase of material goods is obtained by individuals, why it is so obtained, whether the continual distribution of wealth on the pre-war basis is inevitable, or a new equilibrium can be established? There is no doubt that this distribution has been considerably modified since 1914, and I have several times been asked to estimate the nature and magnitude of the modifications; but it is equally certain that we have not yet arrived at equilibrium either in prices, incomes, or wages, and that a statement which might be true for January 1920 would not be applicable to a date six months before or after. I feel compelled to leave this tempting question to those who are content to make hazardous estimates, or who have better access to and more confidence in the sporadic information on which such estimates must rest. I prefer to turn to an aspect of the subject which can be surveyed with less uncertainty, from which we can at least command the whole field of phenomena, namely, the consideration of the changes which took place in the period before the war, which led to the distribution of income which I described early last year. Such a study is indeed essential if we are to have the power of determining the possibility of permanent modifications.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.