Mt. Pleasant Pyramid | 1947-11-21 | Page 6 | Washington Snapshots

Washington Snapshots BU flameA. Pi&itat Here's what happens, according to government reports of approximate ap-proximate figures for the manufacturing manu-facturing industry, to each dollar taken from the sales of manufactured manu-factured things. Materials and supplies take 47 per cent out of the sales dollar. About 35 to 45 cents of this is paid to workers for growing, mining, min-ing, processing, and transporting these materials. Nine cents of the sales dollar goes to tax collectors. About four cents of this is then paid to government gov-ernment employes. Six cents of the sales dollar goes for depreciation, deprecia-tion, maintenance, repairs and interest, in-terest, while two cents go for advertising ad-vertising and one cent for research. re-search. That leaves 35 cents of the sales dollar. Of that 35 cents, employees get 29 cents. What's left six cents out of the sales dollar, constitutes con-stitutes "profits." ! But that's not the whole story. Three cents of the six cent profit ! are set aside for tomorrow's jobs I plowed back into the companies ( for new machinery, expansion of plants, and more employment. The other three cents of the profits are paid in dividends to stockholders the owners of the j machines and tools and factory j buildings. This stockholder group comprises some 15,000,000 people workmen, teachers, grocers, bus drivers, and others who've saved and invested their money. So when you hear someone say profits should be eliminated, remember re-member that fair profits mean continuing investment in factory equipment. And that means more jobs, higher wages, better products, pro-ducts, and lower prices.