Word: coding
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...January the mills went back to normal production allowed by their code (two shifts of 40 hours a week). They kept at it until June, but NRA's expected surge of public buying power did not develop. Unsold goods piled higher and higher. At the end of May, NRA proclaimed another 25% reduction in output to be effective for twelve weeks (TIME, June...
First Year. Twelve months after Mr. Sloan went pioneering, he had in justice to himself to make a report. Proudly he rehearsed again all that his code had done for labor. Then he added...
...While the industry takes pride in the tremendous gains for its workers under the code, the stockholder is still the forgotten man. . . . Today we are again confronted with profitless operations, closely bordering on pre-code conditions...
...want to be a "traveling salesman," resigned from the Institute and Code Authority. Then pressure was put upon him. Last week, having been promised an assistant to take over many of his diplomatic duties, he agreed to lead the "pioneering" industry into a second year, to face more trouble...
...word. He appointed a committee of NRA economists to find out whether the industry could stand higher wages without further boosting prices, further reducing the demand for its goods. The investigators answered: "Under existing conditions there is no factual or statistical basis for any general increase in cotton textile code wage rates...