Word: squeezees
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One of the gnawing preoccupations of U.S. businessmen is the profits squeeze.
On the Commerce slide rule, the squeeze does not seem to come from the most commonly blamed factor: rising wages. Proportionately, U.S. labor costs today are exactly what they were in 1948-64% of the value of total corporate output. The trouble comes largely from two other factors, according to...
To reassure the worried Latin American nations, Secretary of State Dean Rusk had to call a hasty briefing of their ambassadors in Washington, declared that the U.S. had no intention of underwriting Castro's future. Continuing U.S. policy, he said, is to squeeze Castro to death with political and...
Rising Dividends. Other companies also did well. Totting up the profits of 944 top corporations, Manhattan's First National City Bank figured that earnings averaged 9% higher in this year's third quarter than in the same quarter of 1961. Almost every industry showed some gain: autos spurted...
Europe's principal worry is a critical labor shortage, which has brought on a rapid rise in wage levels. The result has been a profit squeeze that has led many firms to cancel expansion plans and forced them to raise prices. Higher prices have hurt exports, while wage boosts...