Inflation Profits Favor Corporations Amid War Pressure
The analysis using government data shows corporations gaining far more from inflation than workers or farmers. Profits rose 90 percent while wages and benefits lagged behind price increases, and the ratio of profits to wages shrank from 1 to 7 in 1945 to 1 to 4 in 1947. Corporate savings surged from 46 to 92 billion dollars, fueling fears of a coming depression as consumer purchasing power erodes.
MENTIONED IN THIS ARTICLE
Department of Commerce
Journal of Commerce
Wall Street
Formica contract talks drag with May 28 expiry
Local 757 reports little progress in negotiations with Formica Co. as the current contract nears its May 28 expiration. Members plan dues authorization card efforts and a May 6 membership meeting after two weeks of talks, with events including a UE film The Great Swindle and a radio program with Arthur Gaeth on WSAI at 10 p.m. weekly.
MENTIONED IN THIS ARTICLE
United Electrical, Radio and Machine Workers
Formica Co
Local 757
Arthur Gaeth
WSAI
Bessie Ball Returns to Work at Formica Plant
Formica Notes: Bessie Ball of the Industrial Plate Dept on sick leave has returned to work this week and looks well. Wedding bells are planned for Marcus Campbell and Parma V Butler on Saturday May 1 with more details next week. Charlie McLin of Series B becomes a father to a nine pound boy. Russell Lawrence McLin born March 18 at Somerset Kentucky hospital. mother and son are doing fine.
MENTIONED IN THIS ARTICLE
Bessie Ball
Industrial Plate Dept
Bessie
Marcus Campbell
Parma V. Butler
Charlie McLin
Russell Lawrence McLin
Somerset, Ky
UE Forms Independent Political Committee in Break from CIO PAC
The United Electrical Radio and Machine Workers announces the formation of the UE Independent Political Committee on April 19 in New York. Albert J. Fitzgerald serves as chairman and Julius Emspak as secretary treasurer, with a 19 member executive board, backing Henry A. Wallace’s third party bid.
MENTIONED IN THIS ARTICLE
NEW York
UE Independent Political Committee
United Electrical Radio & Machine Workers
CIO
PAC
UE Pres
Albert J. Fitzgerald
Sec.Tras
Julius Emspak
Fitzgerald
Emspak
Henry A. Wallace
Also Mentioned on This Page
New City
Seiberling
Harrison Tire
Cincinnati
N. E. Cor. Court and
Race Parkway
Formica Notes
Rose Miles
Cooper’s
Mill Street
Lockland, O
Madison Rd
Oakley
CLUB
Flamingo
Greater
York Street
Newport, KY
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!