Understand how income really flows in a growing economy.
This concise study analyzes how the national income was distributed between wages, property, and other earning sources from 1880 to 1913, revealing how real value shifted with prices and growth.
Two short sections frame the big picture: the rise of an intermediate class, changes in wage growth, and what these shifts meant for living standards before the war. It uses tax data and income classifications to show where income came from and how its share changed over time, without promising quick fixes.
- Learn how the middle range of earners grew and how this affected overall income shares
- See why rising prices changed the real value of wages and how that affected households
- Explore the balance between labor, capital, and property in early 20th-century Britain
- Discover the method behind counting incomes from wages, salaries, and ownership to estimate distribution
Ideal for readers interested in historical economic trends, income inequality, and how prewar Britain organized its national income.This edition presents clear, data-driven insights into the forces shaping income and living standards in the years leading up to the First World War, with careful consideration of price effects and the role of capital.