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Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
Aug 29, 1947
Page
14
Classified notice for Coal and Building Material located at 4734 Whetsel Avenue Madisonville Cincinnati Ohio. Advertisement details BR 0006 BR 1166.
The 1946 1947 period is described as the year of the Big Squeeze when profits rose for corporations while workers faced stagnant real wages. The piece notes unions expected higher profits and wage gains, steel industry negotiations yielding a modest 15 cent hourly increase, and a price surge after the OPA decline, with consumer prices rising from 139.2 in 1946 to 156.3 in March 1947.
Profits in early 1947 rose sharply by about 100 million more than 1946's final period, yet the industry showed notable resistance to a second wage boost cycle.
Newburyport Massachusetts merchants launch a 10 percent stock price cut on April 22 hoping to reverse a downturn as consumers lack money. Despite appeals from ordinary shoppers and warnings from the President, big industries resist, and by early May the plan fades. Living costs rise with the index at 157 and over half of families earn below 3750 annually.
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