Relative meat prices vs. wages in postwar era
Senate Agricultural Committee notes that average manufacturing wages buy more beef and pork today than in 1947-48 and other prewar periods. Meat's share of disposable income fell from six percent in 1930s to about five and a half percent in 1948-51, showing income growth keeps pace with prices. The law of supply and demand explains price trends, not urban consumer hardship.
MENTIONED IN THIS ARTICLE
Senate Agricultural Committee
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Truman Seen Seeking 1952 Victory Formula in Cities and South
U S News and World Report outlines President Truman's campaign strategy aiming for 268 electoral votes by holding 69 in the South and winning big-city support. The analysis notes Democratic strength in large cities, past gains in 100,000 plus populations, and the likelihood of a tight, hard fought race with Eisenhower as GOP candidate.
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