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The Iron Age 1932-03-10: Vol 129 Iss 10

1932 Reed Business Information US

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IRON ESTABLISHED 1855 NEW YORK, MARCH 10, 1932 VOL. 129, No. What Must the Machine? HERE can retreat from the machine. The essence mechanization time sav- ing, and economies time have been passed along every one. “Once better idea better mechanism born there but one way kill and that the birth still better one,” said the author address, here abstracted, before the Hungry Club, Pittsburgh, Feb. 29. The machine has opened more employment doors than has closed, asserted, but its continued success generator prosperity depends the cultivation mass con- sumption. This literally means financing the ultimate consumer, through adequate wages and dividends, that can buy what the machine can make. The capital finance consumption can come from only two sources, according the author. One source modernization, through which further gains efficiency and savings time can won. The other reduction the non-productive load the machine. RITICS our present method use the machine claim that favors the few and de- prives the many; that the fruit tably distributed; that tends make the rich richer, and the poorer. stating that the machine has dis- tributed its fruits unfairly, these critics, almost without …

Citation

The Iron Age 1932-03-10: Vol 129 Iss 10. Reed Business Information US. 1932.