Word: consumerization
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Moreover, with consumer goods scarce, there is little incentive to work. The prolonged celebration of V-E day (in some places it lasted a week) cost France 300,000 tons of coal. Now, coal production is Tmly about half what it was in prewar years, far below rock-bottom needs...
(Demobilization news came almost simultaneously with the announcement of a four-year plan to step up Russian production of consumer goods.)
This brought the supply of civilian aluminum not only back to normalcy but far beyond. But it did not mean that the civilian supply of aluminum goods would immediately reach normal. Manufacturers are so short of cutting machines that consumer production will start slowly.
The pipe-smoking Earl of Halifax has overrated Cigar Consumer Winston Churchill [TIME, May 21]. Winnie may be the British Empire's No. 1 cigar smoker, but he cannot smoke 54 extra-large, especially made cigars in 18 hours out of every 24. It takes most cigar smokers approximately...
When consumer spending falls below a level which will support high employment, the Labor Committee, suggests putting more cash into consumer hands, either through paying back excise taxes or forgiving income taxes which are still to be paid. Conversely, it would pass a graduated spending tax to come into effect...