Word: indexes
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Dates: during 1950-1959
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Monro noted that most scholarship applicants come from families that live on white collar salaries, the "stickiest" form of income. Annual earnings in this bracket, about $4000 per year, according to Financial Aid Center's statistics, will not keep pace with the rising national price index...
...taxing away all income over $25,000 a year the yield would be less than $1 billion a year above present taxes." As for the inflationary effect of a sales tax, that would be negligible if food and rent, which make up almost half of the cost of living index, were exempted. A retail sales tax would do less to force prices up than heavy deficit financing or the manufacturers' excise taxes which the Administration has proposed. A manufacturer's tax snowballs, i.e., as each middleman between the manufacturer and consumer computes his profit, percentagewise, with...
...Bureau of Labor Statistics last week completely revised its cost-of-living index to bring it up to date and include what Americans now consider "necessities." New BLS additions to the index: television sets, frozen foods, canned baby food, cola drinks, men's rayon tropical suits, home permanents, velocipedes, electric toasters...
Despite all these bountiful additions, the index was little changed; the importance of some items already in the index was lessened to allow for the new things. On the old basis, the index stood at 181.6 in January, up 3.2 points from December; on the new basis, it stood at 181.5, up 2.7 points. Reason for the slower rise: the new1 index gives less weight to food and rent. While the cost of food and rent has been going up, so have incomes. Since 1941, when the index was last overhauled, consumers have been spending a smaller proportion of their...
...Bureau of Labor Statistics announced encouragingly next day that the cost-of-living index had risen 1.5% between Dec. 15 and Jan. 15-thus 2,700,000 workers, mostly in the automobile and electrical industries, would get increases up to 5/ an hour. But no wage or price formula would get at the real reason for organized labor's onslaught. The ultimatum made that clear. The U.L.P.C. wanted a hand on the controls, not just a place at the navigator's table. The U.L.P.C. wanted to strike down the one-man rule...