Barkley Rosser recently reported Conference Board statistics on rising wages in the 1920-21 depression. Needless to say, I'm quite perplexed and intrigued - I found falling wages in three different time series that I looked at. I didn't have the Conference Board wage statistics, although I do happen to own the Conference Board's volume on prices which I did use in the paper... curious... need to investigate.
By the way - I'm continuing to collect tid-bits about 1920-21, so if you see something interesting, pass it along. I ain't done with this one yet.
Saturday, November 13, 2010
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This recession also interests me.
ReplyDeleteFor my analysis, see here:
http://socialdemocracy21stcentury.blogspot.com/2010/10/us-recession-of-19201921-some.html