HC Deb 10 December 1953 vol 521 cc259-60W
50. Mr. Grimond

asked the Minister of Labour how far earnings and wage-rates in the engineering industry have kept pace over the last two years with increases in production and distributed profits.

Sir W. Monckton

Only very broad comparisons are possible and one should hesitate to draw any very precise conclusions from such comparisons: The available information suggests that whereas the average earnings of adult males on the one hand and distributed profits (that is, interest or dividends on debentures, preference or ordinary shares) on the other in the engineering and related industries showed, in the period in question, approximately the same percentage increases, the volume of production showed a substantially smaller percentage increase.

51. Mr. Grimond

asked the Minister of Labour which categories and grades within the engineering industry are worse off as regards earnings and wage-rates, respectively, since 1951, taking into account changes in the cost of living.

Sir W. Monckton

The varying dates to which the available information relates, as well as other factors, make a strict comparison extremely difficult, but so far as I can judge from an examination of the figures the answer to the hon. Member's question is "None."

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