HC Deb 29 January 1931 vol 247 c1166W
Mr. RAMSBOTHAM

asked the Minister of Labour what is the index figure of real wages now as compared with the index figure for each of the last three years?

Mr. LAWSON

Index numbers are given below showing the approximate average level of full-time weekly rates of wages and of working-class cost of living in each of the years 1929 and 1930, and at 1st January, 1931, in relation to the average level in 1928 taken as 100:

Rates of Cost of
Wages. Living.
1928 (average of year) 100 100
1929 (do.) 99½ 99
1930 (do.) 99 95
1931 (1st January) 99 92½

On this basis the average level of rest wages for a full week (the average for 1928 being expressed at 100) was approximately 100½ in 1929, 104 in 1930, and 107 at 1st January, 1931. These figures take no account of changes in actual earnings resulting from changes in the state of employment and other causes.