Abstract
THE proceedings of Section F (Economic Science and Statistics) of the British Association were marked this year by the variety and the number of the topics discussed. They were noticeable also in that a lady economist, Miss Lynda Grier, occupied the presidential chair of the Section. Taking “The Meaning of Wages” as the subject of her address, Miss Grier stated that it was not her intention to put forward a new theory of wages but rather to analyse and restate certain aspects of the wages problem under the three headings: (i) the distributive or competitive aspect, (2) wages as the product of the worker, and (3) the effect of the wages paid on the work and the supply of workers. We are being forced increasingly to discuss, she remarked, those measures which attempt to add to the normal wage rate or to “stretch” the rate so that it will pay for things that it did not previously pay for. Such measures include schemes for fixing minimum wage rates which do not increase productivity; cost of living sliding scales; systems of family allowances; compulsory insurance schemes, and schemes for subsidising certain sections of the wage-earners of the community.
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