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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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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.
“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.”
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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