| Show The New v Industrial Philosophy h i 1 o s o p h y High wa wage e levels 1 white e a or an m incidence of labor and tat lat later r 1 er cr of war ar t time me demands an and inflation inflation inflation tion have ome a distinct clement of Am American economic life says Ma- Ma Magnus Ma Magnus gnus W Al Alexander Pr President ident o of the National Industrial Conference D lorn In fact fact a e nHe philosophy has arisen from lh relation of high wages wag intensive productivity and national mal power por It may mal be maybe said that the trend ct d American American s policy today oday is toward and cLea- cLea cLeav ci CJ- CJ ca cation v tion of If widespread consumer ing purchasing power providing of-providing of pro high hig-h wages wag and wage values which in turn tend to raise the standards standard's of li ing n- n among a mong th the masses masses This attitude on r f 1 hart pirt of cm- cm cm Ty is a phoneme sound sound- n 1 nom nom- nowhere no nowhere where where else in th the world The ini in u uial t ial ial fal philosophy of the tha th P pt p t t Va was t to i n nI I r profits by keeping wa wa ss at a ni- ni min minimum The industrial philosophy of the present is to earn profits while increasing wages to the maximum thus providing a larger market for all aH products As a result Am Americans have most of th the automobiles in the world they have the best st homes schools and amuSements The unemployment lcm is d Labor dis- dis disputes dis disputes se om arise arige and when th they y doare do are arc usually settled d peacefully by boards of arbitration The upshot of the whole matter is that labor is no longer considered an inanimate commodity subject to the law of o supply and demand but bu a partner in American progress Proms Pr- Pros to be realand real and permanent I must be general We go forward as asmore asmore asmore I more of the lU luxuries Uries of life in addi addi- addi- addi addition addition addition tion to the ne necessities find their way asI I into the avera average e American home |
