Essay heading: causes of the great depression

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American History

 

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November 16, 1996

 

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12 / 3310

 

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is around $18,500,Ford would be earning over $345 million a year. A major reason for this large and growing gap between the rich and the working-class people was the increased manufacturing output throughout this period. From 1923-1929 the average output per worker increased 32% in manufacturing. During that same period of time average wages for manufacturing jobs increased only 8%...
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During that same period of time average wages for manufacturing jobs increased only 8%. Therefore wages increased at a rate only one fourth as fast as productivity increased. As production costs fell quickly, wages rose slowly, and prices remained the same, the bulk benefit of the increased productivity went into corporate profits, not the worker?s...
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