WAGE CUTTING ON INCREASE OVER ENTIRE COUNTRY
Wage Cutting on Increase Over Entire Country Buying Power of Worker Falls and Thousands Seek Chance to Earn ? Living WASHINGTON—Wage cuts have followed unemployment, says the A. F. of L. Monthly...
...There has been a widespread appreciation of the necessity of high wages to create purchasing power," the Bulletin states...
...Just at this time when all eyes are turned to the retail market, and wholesale buyers are hesitating to see whether their customers - will purchase enough to justify new orders from manufacturers, workers' ability to buy will probably turn the tide...
...Evsa though the depression of 1930 has been worse than in 1924, manufacturers have been less influenced by the fallacy that wage reductions would solve their problems...
...But the rapid increase of wage cuts in July shows a dangerous tendency...
...Wage Cutting on Increase Over Entire Country Buying Power of Worker Falls and Thousands Seek Chance to Earn ? Living WASHINGTON—Wage cuts have followed unemployment, says the A. F. of L. Monthly Survey of Business, September issue...
...They did not immediately cut wages...
...The number of employes affected by wage_cuts have been very much smaller this year than in 1924...
...Workers' incomes have been reduced by unemployment and part-time work more than in 1924...
...The "gradual rise in the number of firms cutting wages since December, last year" is reported...
...It will largely determine whether business starts upward or stays in the j present depressed condition for the^win-ter months...
...The least we can do in the present , situation is to avoid wage cuts and ; maintain workers' buying power at the highest possible level...
Vol. 1 • September 1930 • No. 42
