Word: consumerization
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Under the workings of this axiom most war firms are now at a 48-hour week or over because the Army and the Navy pay them to pay their workers overtime. On the other hand, most producers of consumer goods are working on a 40-hour week or less, because...
Men from 16 to 65, women between 17 and 45 were ordered to register for compulsory labor service. Civilian consumer goods were cut down to the barest necessary minimum. Community kitchens were planned to replace domestic help. Said the SS newspaper Schwarze Korps: "The homeland is to live only in...
Thus by concentrating only on price, one can prove that depressions are good for a nation and that booms are bad. The crimp in OPA's reasoning is, of course, that arguments about price levels must always be combined with attention to whether production of goods is rising or...
So far it has prided itself on holding down the price of many luxuries and semi-luxuries, where higher prices might play an effective role in checking consumer buying. But the prices of necessities (especially farm prices) have climbed steadily. Last week this dangerous trend continued. Though the Government at...
This philosophy, which directly contraverted past experience and the basic law of business-the law of supply & demand -worked well enough so long as it was never put to the critical test;-namely a rapidly diminishing stock of consumer goods such as the nation faces in 1943. Today many a...