Show BABS'S ONS ON'S ON HOW 10 TO PROSPER IN 1968 Babson Park Mass Most observers of the political economic and sociological scene cene are convinced that 1968 will be a year of recurring cr cr's es for our nati m What are the difficulties most likely to tobe tobe be encountered and how best can you preserve or extend your pros prosperity erity this year How Much More Inflation The Federal Reserve still has not really reany tl tightened up on money yet With cash supplies still large by most past In ia with continued heavy gov government g V- V spending for both de Tense and non defense items and programs and with the pros pest of expanding activity In Inthe Inthe the automobile industry over overcoming overcoming coming months business should hould be on the rise through much If not all of the first half But on the whole it will willbe willbe be a very high cost boom Tn In other words profits will not be commensurate with th the in crease in volume turnover Chances are the economy will start to overheat after which you may expect the Fed oral eral Reserve the President the Congress to take bolder measures to cool it off When the flood of money is at length dammed when the President dent imposes selected domestic economic controls when the Congress cuts budget de and perhaps enacts higher taxes how will you and your business fare Will you be bein bein in a position to take what comes to to ride through the ups and downs that lie ahead Manpower er And Ad Labor Whether you are an employ er or an employee develop ments In manpower and labor will wiIl have haye sOme effect fec on your you economic situation this year At least in the forepart of the year skilled labor will wiIl continue to tobe be in good demand while the need will intensify for scientists and specialists However there is no shortage shortage of unskilled unskilled ed labor Look for a further spiraling of wages during the first six months of 1968 s spurred by bythe bythe the recent handsome settle settle- settlements settlements ments in the auto Industry ex- ex ex costs costs and next months month's boost in the minimum wage All in all the pressure of wages on overall costs in manufacturing and service bus bus- finesses will wiIl be keenly felt Mend Your Fences Cost control will wiIl be more i than ever to you as asan asan an employer this year You may have only limited success in bucking the higher price tags on capital funds You cant can't buck the mandatory boost in the minimum wage But you can exercise a tighter con I con con- control over your operations with witha a view to cutting unit costs and to increasing e the productivity of your e employees for your benefit and theirs And And if you are are working for someone else and this goes double if you are an unskilled you ought to remember her ber that your employer has a considerable investment in you and that he pays out a good deal eal more for you th than n the w wag wag- wages g es you receive in your pay en- en envelope en Look about for ways to improve your performance so as t to make your work more meaningful and more profitable to you and your employer Mend your fences or you may be maybe among those laid off when labor cutbacks become necessary necessary sary Hold On T To That Nest Egg No matter whether you own your business work for some some- someone one else are a student or are retired hold something in reser reser- reserve ye ve for a rainy day As other costs rise so too will the cost of credit Borrowing from to- to tomorrow to tomorrow morrow to pay for what you youl feel you must have today has become fashionable under the i new economics But it can I Ibe be very risky business if you I dont don't exercise a measure of I self control In any event its it's costly and you ought not be paying heavy interest charges es If you can possibly avoid them If aside from your reserve for a rainy day you do have funds to invest be select select- selective selective ive be cautious and be patient Dout Dont jump at any opportunity without investigating its pros pros- prospects And remember that if the economy doeS turn down later this year cash may well be your best friend |