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Their payrolls, in the four-year period, climbed from $104,000 a year to $164,000, according to the U. S. Department of Commerce.
The gains chalked up by retail stores in Rappahannock County and elsewhere are attributed to several factors, all related to consumer optimism, confidence and a feeling of basic security.
Fundamental to it all was the marked increase in real earnings--even after Federal taxes, price rises and the larger
deduction ^for social security. Family income, locally, has been on an upward curve, despite periodic dips, during the foui years.
The confidence was based upon steady jobs, the continuing boom in business and built-in protection, covering illness, disability and retirement, through social security and other pension funds.
And, according to a forecast by ecbnomists connected with the National Industrial Conference Board, the American economy will continue its solid advance this year, but at a “more orderly pace” than in 1968.
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