Word: consumerization
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¶The only way to increase take-home pay to wartime standards is to adopt a 45-or 48-hour week during the postwar period of high consumer demand; the longer work week would increase production by 20%, would permit the country to pay higher wages without increasing prices.
Stepchild. From now on the sale of surplus consumer goods will be made through the War Assets Corp., a Reconstruction Finance Corp. subsidiary. The shift, from the Department of Commerce, was made at the request of Henry Agard Wallace. Thus he neatly sidestepped the storm over bungling in the disposal...
The U.S. will be able to buy some new radio sets for Christmas. So manufacturers promised last week, after OPA boosted ceilings on radio parts. But no consumer would have to pay more than the 1942 prices. So OPAdministrator Chester Bowles promised. The increases, said he, will be absorbed by...
They had plenty of reasons for their opinions. Some of them: 1) production of worsted cloth and the tailoring of garments is crippled by a lack of labor (New England woolen mills need at least 15,000 more workers); 2) worsteds, unfrozen in August, will not reach the civilian consumer...
The Public Be Damned. With a rueful bow to the powerful cotton-bloc lobby, the Department of Agriculture last week lifted the parity price for raw cotton to a new high of 21.58? a Ib.-the dizziest peak since 1920. The Department was forced to boost the price under the...