FREE BOOKS

Author's List




PREV.   NEXT  
|<   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   >>  
re. From him we learn (see Table D) that: _Table D_. A working man with an income of L60 per annum spends as follows: Per cent. of income. Shillings. / meat.... 248 1. On subsistence 62 or \ groceries 496 2. " clothing 16 " 192 3. " rent 12 " 144 4. " fuel 5 " 60 5. " sundries 5 " 60 ------ Total shillings 1,200 Or L60 Now, referring to Table C, it will be seen that the same man's expenditure in America would be: Shillings. S. 1. On subsistence / meat.... 248 - 20 p.c. = 198.4 \ groceries 496 + 16 " = 575.3 2. " clothing 192 + 45 " = 278.4 3. " rent 144 + 89 " = 272.1 4. " fuel 60 + 104 " = 122.0 5. " sundries 60 + 50 " = 90.0 -------- Total 1,536.2 Or L76 16s. In other words, a workman earning L60 per annum in Great Britain would receive L99, or 62 per cent. more wages in the States, but living there would cost him L77, or L17 more than here, giving him a net advantage of only 28 per cent., instead of 62 per cent., derived from living and working in America. But this result does not exhaust the question. The standard of life is very different among working men in the States and in Great Britain, and the almost inexhaustible statistics of the report, already so often quoted, enable us to gauge this difference with accuracy. It has been proved, by a recent investigation, whose details we need not follow, that the expenditure of working men's families, of similar size, in Massachusetts and in Great Britain, stand to each other in the ratio of 15 to 10. By introducing this new factor into our calculations, we find that a man who spends L60 per annum in England would spend L90, instead of L77, per annum in the States, paying American prices for subsistence, and living up to American standards. I
PREV.   NEXT  
|<   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   >>  



Top keywords:

working

 

subsistence

 

living

 

Britain

 

States

 

expenditure

 
sundries
 

America

 

groceries


Shillings

 
spends
 

American

 

income

 

clothing

 

enable

 

difference

 

accuracy

 

standard


report
 

inexhaustible

 

statistics

 
quoted
 

introducing

 

calculations

 

factor

 
England
 

standards


prices
 

paying

 

question

 

details

 

follow

 

investigation

 

recent

 

families

 

similar


Massachusetts

 
proved
 

earning

 

referring

 
shillings
 
advantage
 

giving

 
result
 
derived

workman
 

receive

 

exhaust