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The Iron Age 1922-05-18: Vol 109 Iss 20

1922 Reed Business Information US

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THE IRON AGE ESTABLISHED 1855 New York, May 18, 1922 VOL. 109, No. 20 Progress In Reducing Manufacturing Costs Demand Revives for Rapid-Production Machinery—lIncreased Output by Workmen Nearly Maintaining Their Daily Earnings— Changes in Manufacturing and Sales Methods followed the temporary check after the armistice of Nov. 11, 1918, it was evident to all manufac- turers that 2 turn in the upward curve of costs must There was, however, a wide- [) stow the period of rapidly rising prices which eventually come about. spread belief that, following more than four years’ curtail- ment of production for general purposes in Europe, there must be a continuing demand for goods, and that this would defer for several years the natural development of the business de- pression which always follows a period of excessive rise of Accordingly, very few manufacturers hesitated to continue increasing their plants and to order improved machin- ery for saving labor. While wages and prices continued to rise, it was probable that a new machine calculated to save its st in a year would actually do considerably better. The result of the general desire to put in abor-saving equipment was that all shops man…

Citation

The Iron Age 1922-05-18: Vol 109 Iss 20. Reed Business Information US. 1922.