Increasing Real Wages.

Discusses whether labor unions and employers would gain by returning to the policy of altering the money wage to correspond with changes in the cost of living. Possible consequences if wages do not rise as rapidly as the cost of living during the period of rising prices; Analysis of a situation when inflation proceeds despite every effort made by labor or other stabilizing forces; Uncertainty regarding whether real wages are increasing or not unless one compares changes in money wages with changes in the cost of living.