senate Committee Fights to Kill Social Securitv

...senate Committee Fights to Kill Social Securitv "Profit Sharing" Drive loosts Co, Unions WASHINGTON, D. C-—Declaring that the wage gy^m « responsible for nearly all industrial' conflicts, a Senate §»ace sub-committee has reported the results of a study af these, conflicts and recommended an old corporation Ifjadle as a substitute for the Social Security Act...

...This means not profit-sharing but workers sharinjr their wages with the corporation to build up a fund which the corporation would control...

...This . apt" ^tsted in the report, but...

...It covertly declares its intention of breaking the spirit of independent, disciplined and demo-datic struggle of the wage wker for higher wages and letter control of his working hears by saying that with the ¦aoption of the plan the worker who was "constantly fighting for ib*her wages will discard the combative spirit and move in a cooperative direction...

...thus revive the "benevolent" paternalism that still binds many wage workers to high corporation officials...

...This is evident from other sections which provide that while the workman is in the apprentice stage he is to receive a bonus, preferably in preferred stock, as a dividend on his annual wage, while the fund would be managed by a five-member board, two ehosen by employees, tw* by the corporation, and the fifth to be the head of the corporation...

...i pre?isely«what it means Presented as...

...Senator Van-fcnberg of Michigan, G.O.P...

...The report, which was also fppraved oy Senators Herring of |ow» and Johnson of Colorado, ioth Democrats, gives it that bipartisan character that is typical ¦ Congress...

...The plan provides for contributions by employers and workers and would require all workers to join the fund after an apprenticeship of two or three years...

...a profit-sharing fj&m which its authors assert f'attjmtiaj to preserve the "capiat fystam,** it is nothing of ?e kind, as an analysis of its ^visions shows...

...The scheme itself shows that it is intended to transfer social security from the legislative field to that of private corporations and...

...can-for the presidency and letaor of the resolution advising ie investigation, is a member «* the committee...