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The Cost of Living Among Wage-Earners: Fall River, Massachusetts, October, 1919, Research Report Number 22, November, 1919

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About this book

"The Cost of Living Among Wage-Earners" by National Industrial Conference Board is a research report published in the early 20th century, specifically in November 1919. This book offers a detailed examination of the living costs experienced by wage-earning families in Fall River, Massachusetts, shortly after the First World War. It highlights the financial requirements for maintaining a household at various standards of living during a time of economic adjustment. In the report, the authors conduct a thorough analysis of the costs associated with essential expenses such as food, shelter, clothing, fuel, and miscellaneous sundries for a hypothetical family of five. The study presents estimated weekly and yearly expenditures required to uphold a minimum acceptable standard of living, as well as a more liberal standard that includes greater comfort. The findings reveal a significant increase in living costs over a five-year period, reflecting a 73% rise in overall expenses since 1914. The data serves as both a snapshot of post-war economic conditions and a valuable resource for understanding the financial pressures faced by working-class families during this transformative period.
Language
English
Publisher
Project Gutenberg
Release date
Unknown
Downloads
87

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A clearer way to understand The Cost of Living Among Wage-Earners: Fall River, Massachusetts, October, 1919, Research Report Number 22, November, 1919 through themes, characters, and key ideas

This reading guide highlights what stands out in The Cost of Living Among Wage-Earners: Fall River, Massachusetts, October, 1919, Research Report Number 22, November, 1919 through 3 core themes. It is meant to help readers decide whether the book fits their taste and deepen the reading once they begin.

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What the book is doing

This document, 'The Cost of Living Among Wage-Earners: Fall River, Massachusetts, October, 1919, Research Report Number 22, November, 1919,' is a detailed economic study published by the National Industrial Conference Board. It provides a meticulous statistical analysis of household expenditures for industrial wage-earners in Fall River, Massachusetts, during a specific period. The report aimed to establish a factual basis for understanding the economic conditions faced by workers, particularly in the context of post-World War I economic adjustments and ongoing labor disputes. It serves as a crucial historical snapshot of working-class economics and a methodological exemplar for cost-of-living research in the early 20th century.

Key Themes

Cost of Living and Wage Adequacy

The central theme is the detailed quantification of the expenses required for a working-class family to maintain a 'fair standard of living.' The report meticulously breaks down these costs, implicitly raising questions about whether prevailing wages were sufficient to meet these basic needs. It provides the empirical data necessary to assess the adequacy of wages in relation to essential expenditures.

Industrial Relations and Social Welfare

The report emerged from a period of significant industrial unrest and labor disputes, particularly in the aftermath of World War I. By providing 'objective' data on the cost of living, it aimed to inform discussions and negotiations between employers and employees. It implicitly addresses concerns about social welfare by documenting the economic conditions that could lead to poverty or social instability, thereby serving as a basis for policy recommendations or union demands.

A line worth noting
The purpose of this report is to present an accurate and impartial estimate of the cost of living for wage-earners in Fall River, Massachusetts, in October, 1919.
A good discussion starter

How does the methodology employed by the National Industrial Conference Board in 1919 compare to modern approaches to calculating the cost of living or inflation?

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