This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ...persons they represent and the whole number of persons. These ratios in the case of the highest wage-group, for example, average 5.6 per cent, and 1.2 per cent, respectively. On the other hand, of course, Falkner's method gives to the largest wage-group (males earning $1.00$1.49 per day in 1860). which shows on the ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ...persons they represent and the whole number of persons. These ratios in the case of the highest wage-group, for example, average 5.6 per cent, and 1.2 per cent, respectively. On the other hand, of course, Falkner's method gives to the largest wage-group (males earning $1.00$1.49 per day in 1860). which shows on the whole the highest range of relative wages, an average weight of 34.2 per cent, on the results, while mine allows it 41.8 per cent. Further, it appears to he the case that establishments employing many men, and therefore represented by large series, advanced wages more liberally between 1860 and 1872. and reduced wages more sharply after 1873, than small establishments in the same industries. Professor Falkner, however, did not rest content with the simple arithmetic means which have been criticized, but made also a series of weighted arithmetic means in which he sought to take account of numbers employed. But in doing so he kept his old errors of method, and added new errors to them. His method of weighting was to take the simple averages for 17 of his 21 industries, weight them by figures obtained from the census returns for occupations, and divide the sum of the products by the sum of the weights. This procedure does not eliminate the original errors in the averages for industries; and census tables for occupations do not give weights properly applicable to industries.7 Moreover, in this process Falkner assigns large weights to some industries for which his data are too scanty to give reliable averages. The most conspicuous case is afforded by "dry goods (stores)," for which he has only three series, coining from a single establishment, but to which he assigns a weight second only to that for building trades.1 As it happens, however, ...
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Add this copy of Gold, Prices, and Wages Under the Greenback Standard to cart. $27.44, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
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Add this copy of Gold, Prices, and Wages Under the Greenback Standard to cart. $52.26, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2022 by Legare Street Press.
