Speech #700067967

So the total shrinktge from the 1920 peak down to 1928. as officially reported by the Labor Department. is approximately 32.6 per cent. or 8.331.000 wage earners. Now. some of the wage earners of 1920 have died. but others have been born and the nativeborn workers have yearly increased. Their ranks have been increased by immigration it the rate of about 250.000 a year. so Secretary of Labor Davis tells- us. On the other hand. some of the wage earners have set up in business for themselves or become employing capitalists. But before- we leave this chapter of the report. let us re-. capitulate the index data otficially reported in statistical Table 7 of the Bureau of Labor Statistics.