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The Iron Age 1931-08-06: Vol 128 Iss 6

1931 Reed Business Information US

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IRON New York, August 1931 ESTABLISHED 1855 VOL. 128, No. WILL WAGE REDUCTIONS PROMOTE BUSINESS REVIVAL? JOSEPH SNIDER persistence the business depression has brought growing agitation for wage reduc- tions. matter such grave concern not only wage earners but also business executives and the public large has naturally incited vehement controversy. the present, wage rates have been main- tained surprisingly well during this depression. Although, sure, numerous reductions have been made, they have been less frequent and much less drastic than during former depressions. This has been due the belief, held quite generally during recent years, that high wages are conducive prosperity, and also the resolutions made year and half ago under President Hoover’s leader- ship that wages would not reduced the current emergency. But the depression has become un- expectedly severe that wage reductions have become more numerous during recent months and agitation for widespread downward revisions, thorough- going readjustment labor costs, has gained con- siderable momentum. Wage Cuts Stimulate Buying? The publisher our leading financial newspaper, recent radio address, expressed his conviction that …

Citation

The Iron Age 1931-08-06: Vol 128 Iss 6. Reed Business Information US. 1931.