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Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
Dec 14, 1945
Page
8
Secretary of Commerce Henry A. Wallace warned NAM delegates that deflationary mood could persist. He said unemployment will recur next spring and wage earners’ incomes will shrink after wartime cuts. He urged raising mass purchasing power and a higher American standard of living to sustain industry. NAM President Ira Mosher echoed the need for prudent policy.
The National Association of Manufacturers aims to push federal action in 1946 under the banner equality under the law. It seeks legislation on union equality responsibility and fact finding with safeguards limiting subpoenas and restricting recommendations. The NAM also pushes tax relief and broader incentives for industry, urging investors to proceed cautiously.
Robert R. Wason, head of Manning Maxwell Moore Inc. since 1931, was elected president of the Nail Association of Manufacturers at its 50th anniversary convention in New York. The 57-year-old, self-made leader spoke on OPA price controls tax relief for big business and anti-labor measures, asserting the 20th century belongs to America.
Michigan manufacturing payrolls dropped 24.6 percent from a year earlier and were 42.3 percent below their level a year ago. Average weekly earnings in October were $46.47 including overtime.
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