Investor plus worl~er decides wage
N 1939, just before the war, American investors
had saved and invested $6,000 in machines
per worker, and average wage in America was
$23.86 per week.
In 1947, investment per worker was $7,700
and wage was $49.97.
In 1953, investment per worker was $ 12,500
and wage was $71.52.
4-A Turret Lathe machining
large steel forgings.
The higher the investment in machines, the
higher the wage if the machines are fully used
-because the co...