Show Profits Create Jobs 1 i iA A freeze on corporate profits as some politicians and economists advocate could put economy into a straitjacket straitjacket strait strait- jacket and would not solve the problem of controlling inflation in in- Elation and providing an increased number of jobs Profit margins on a percentage of sales have been shrinking steadily over the last five years and in 1970 reached a year 20 low Meanwhile employee compensation compensation compensation tion per per man hour has increased three one times faster than output per man man-h man hour ur in the same five year period Whatever policy for wage-price wage stabilization is devised there must be ways to make adjustments for wage incentive in in- for increased capital spending and higher productivity productivity by penalize efficiency This would be the net result of an excess profits excess profits tax which would impose a penalty on productive i investment at a time when jobs are needed for forthe forthe forthe the unemployed |