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Show The Great Whiskey of the Old West JtM WlIY SETTLE ?pf FOR LESS TIIJITI IgESSZ this cue jit jjjg KENTUCKY kintuckv BOURBON? STRAIOHT BOURBON IK HI SUNNT IttOOK Ct., IDUOTUL intTOCXT. iOTWUTO IT UWOL temn moucn mtun. tavm mxxi nunm man, a mar 4 . - s Whenever steel wages and employee benefits transportation and everything else they buy. go up by one cent an hour -poof -the cost of This indirect labor cost amounts to another $15 making steel goes up 30 million dollars a year I million at the very least. And when costs go up, sooner or later you will If these pennies per hour of higher wages in have to pay a higher price for all the things steel or any other industry are not accompanied you buy. by corresponding increases ir production effi- Steel companies must do more than meet just ciency, the result is inflation, the direct cost of higher wages, which amount , Inflation benefits no one. to about $15 million for each penny of higher It dips into the pocketbook of everyone pay. They must also pay higher labor costs in housewives, wage and salary earners, business the price paid for all of the materials, supplies, and professional people al'ke. The American Iron and Steel Institute brings you this message from the steel industry because flnfiafcion robs us all |