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Approved For Release 2006/04/19 ; CIA-RDP85T00875RO01700040058-3
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Figure 6
Chile: Trends in Money Supply and Gross Domestic Product
1960=100
hikes soon intensified the pressure on official prices, which goods shortages and rampant black marketeering had already robbed of meaning.
Real Wages on a Roller Coaster
- Allende's first move upon taking office was to redeem his pledge to improve the working classes’ lot. This he accomplished by granting an average 45% wage raise to public employees, fostering even larger hikes in private enterprise, and holding down other income by controlling prices.
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Approved For Release 2006/04/19 ; CIA-RDP85T00875RO01700040058-3
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