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The Iron Age 1933-07-13: Vol 132 Iss 2

1933 Reed Business Information US

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delphia. der Act IRON AGE.. JULY 13, 1933 ESTABLISHED 1855 Vol. 132, No. Hitch the Big Horses MERICAN employers alone must shoulder the burden carrying out the plans the President expressed the Industrial Recovery Act. They have been asked immediately raise wages and shorten hours but defer raising prices take the increased labor costs. addition, they are told that these in- creased costs should not offset, least for the time being, the installation labor- saving machinery. the metal-working industry, hard hit company surpluses have dwindled many cases the vanishing point. Profits have been almost universally non-existent for the past two years. Many employers who would gladly raise wages immediately, because they believe they would eventually gain through the general increase purchasing power and larger vol- How About Giving Lift? come from. Bankers will not lend them and they are unable even mortgage first class real estate. the R.F.C. can lend money Russia finance the purchase American cotton, why should not permitted lend money reputable American employers bridge the gap between wage increases and ensuing profits through increased volumes? Credit boards, set trade associa- tion…

Citation

The Iron Age 1933-07-13: Vol 132 Iss 2. Reed Business Information US. 1933.