Page 1 of 15 Jul 1949 Issue of Cincinnati The Sun in Cincinnati, Ohio

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The Sun (Newspaper) - July 15, 1949, Cincinnati, OhioThe published by the a renter Cincinnati Industrial Union Council Sun vol. I i no. 10 0 to a Liberal Cio weekly owned by its readers is sos Mill wage in crease a a in the interest of business labor and the nation report says Ali. Ohio entered As second class matter. June 30. 1944 at the Post office at Cincinnati 2 Ohio under act of March 3. 1879 Tilv is 0119 a report prepared for the Congress of Industrial organizations by Robert r. Nathan associates inc., consulting economists made Public tuesday recommends a wage increases a a definitely in the interest of both labor and business. And especially in the interest of the the average wage earner has no More buying Power than in the Middle of hm6. The import to nudes a it is not the circumstances that business cannot sell All it can prod uce the report challenges those who contend that the United states is undergoing a healthy readjustment. The report states. Quot in the decline to Date prices have tended to fall much Lees than production and employment. Consumers who were priced out of the Market Are not being priced Back into the Market. There appears to be Little of a healthful or corrective nature in the recession to figures in the report t show retail prices Down from peaks Only 3 percent wholesale prices of non farm and non food products off 5 percent and Industrial production off nearly 15 percent. The report finds a a there is nothing healthy in an economic adjustment which brings unemployment to millions of workers bankruptcy to Large numbers of Small businesses and widespread curtailment of standards of living Quot adding a yet that is exactly the direction of what is now taking it sees a no firm indications that a major depression is imminent but a what is unmistakably Clear is the definite downward trend prevailing throughout the in answering the vital Issue facing the country. Quot should the Down trend in business activity foe allowed to run its course with Uncertain consequences or should an All out Effort be made to restore full employment Quot the report takes the View that Quot on the basis of recent trends and near term prospects it is wholly and essentially in the National interest that All necessary Steps be taken promptly to Stem the decline in business and initiate an upward trend Quot rather than Quot resign the country to the risks involved in a do nothing approach Quot. The report proposes a now while production and personal income and profits arc still High moderate action can bring Good results. If business activity drops much further cumulative depression forces will be at work and much More drastic action will be needed Quot. The report includes programs for business labor a and government. For labor and business it urges peaceful negotiations to achieve wage increases in the majority of american industries cooperation in achieving great Efi a i twi pit Dup Ivity supper yet 3c Uve programs aft a further proposes that business adopt pricing policies geared to maximum sales. A 10-Point positive program is proposed for governmental action As follows 1. Productive and worthwhile Public works projects should be undertaken on a scale essential to provide work for the unemployed. 2. Taxes should be reduced to such an extent and in such a manner As to stimulate greater private demand for the products of Industry. 1. Prompt repeal of the Taft Hartley Law is an economic necessity. 4. Congress should provide immediately for increasing the Sise duration and coverage of unemployment benefits. 5. An immediate increase in Sise of benefits and the coverage for old age retirement should be enacted. Public assistance Grants should be enlarged. S. Congress should immediately incr ase minimum wages to 75 cents an hour and allow minimums up to si.00 to be set by Industry committees. 7. A substantial government program for slum clearance and Low Cost housing is not Only essential for the nation s welfare but desirable from an economic Point of View. 8. Provisions should be made by the Federal government to stimulate private investment abroad. 9. The Federal government should stimulate Domestic investment through Loans and incentives. 10. A revised agricultural program providing for income supports rather than Price supports is needed. In analysing a where we Are in july 1949�?�, the report finds total Federal and local expenditures have risen by a $10 billion annual rate Over the Early months of 1948 and government revenues Are lower. But for the increased government expenditures the business situation would be much worse today. Expenditures for consumer goods have held up reasonably Well but business expenditures for Plant and equipment and invent lories have fallen considerably. It profits Are declining but in the aggregate Are still phenomenally High. The Token nature of most Price cuts As compared with sizable declines tit output is a manifestation of unsound business policies. A substantial portion of the report entitled a a How and Why we got Here discusses factors which brought on the recession. It emphasizes that production. Employment Jum income have declined be Cut no expenditures Ai Arient to move All goods produced at full employment. The buying Power of the average worker has not improved Over the past three years. Today weekly and hourly earnings of the average factory worker buy not More goods and services than in the Middle of 1946. Pricing policies after mid-1946 brought huge increases in profits and held Down consumption. Consumer expenditures decreased in relation to the National income from 81 percent in the first half of 1947 to less than 76 percent in the first Quarter of 1949. The phenomenal Rise in business savings undistributed profits and in personal savings among the higher income groups made possible a tremendous Rise in total investment which far outstripped consumption expenditures in 1947 the families earning Over $5,000 per year accounted for 95 percent of All personal savings. The rate of increase in investment could not Long continue to run far ahead of increases in consumption. The report states that Quot to pricing policies and the consequent Rise in profits can go the major blame for weakening the postwar Prosperity and bringing on the recession. J 7 he author of it s report Robert r. Sat ban held the following posit torn in the Federal Toie rement prior to starting his firm of consulting economists Deputy director of the office of War mobilization and reconversion chairman of the planning Ommittee of the w a production Hoard and chief of the sat tonal income do s ton of a he department of Commerce. On december i i. 19469 Robert r. Nat ban associates inc. Prepared a report for the to entitled a National wage policy for 1947,&Quot org my increased wages without increased Price j and stating Quot a he present imbalance Between u Ages and profits is no sound. It is not automatically self terminating in a manner compatible it Ith general economic stability. Rather it it self terminating through a recession. There is no Indence to Date to indicate that business u ill Cut prices prior to j depression in which unemployment declining income and shrinking demands will make Price declines Unai Oid ahle. This is too High a Price for bringing it Ages and prices into sounder alignment Charier committee names Strong ticket for City Council elections in november steel strike near by Rollin h. Ever ii the City charter committee our Good City government coalition. Of labor democrats and Independent republicans is presenting an exceedingly Strong ticket this year but talk of the election of a majority of six by some persons is a dangerous sign of Over Confidence. It must be remembered that the charter majority was gained two years ago on the strength of a tremendous out turning of votes sparked by the Effort of the republicans to repeal proportional representation and eliminate labor from Council. A Small disinterested vote on the other hand would Worl to the Benefit of the organization republicans who Are Able to get out their vote of the faithful in Good years or lean. Our charter committee has an outstanding record in its first two years in office and a vigorous program for the next two years. We feel that we have proved our fight is for All the citizens and not for a privileged few the organization minority on the other hand will have a hard time to Point to anything they have initiated or any constructive program they Are pursuing. They will As usual w age a negative Campaign. This time they it will seek to misrepresent the j charter position in regard to Public utilities and will interpret any inquiry into the profits of j the Cincinnati Gas amp electric 1 co. As an attack on free enter a prise. It should not but overlooked that. We i Lecou no i 1 r Publ Ica n t pitied for my Resolution calling on the Ohio legislature to pais a Strong Bill for regulation of a utilities two organization republicans in the legislature withheld in committee the votes which would have permitted that Bill to reach the floor for a vote. Now ci.rc5h.nat ians Are being socked with an increase in Telephone rates of almost $3 million to match the millions in increases Here or coming in Gas and electric rates under our antiquated Ohio system of setting rates. That is what the gop organisation wants protected. The charter ticket will include the five men now in Council mayor Albert d. Cash Charles p. Taft Edward n. Waldvogel Harry d. Procter and Rollin h. Everett. In addition there Are these new candidates Robert p. Goldman Theodore m. Berry Bernard l. Rowekamp and Newton a. Brokaw. Goldman a is a prominent attorney in the firm with Murray a. Season Good a one of the Best. Known of the first charter Lead ers. Goldman himself has been a most Active charter Leader and i is an expert on Many phases of charter government. He is a Democrat and prominent in jewish affairs. Ted Berry is a prominent negro attorney. He made an excellent race last year As an Independent with Pac endorsement and it is believed he will have an even better Chance this year As a member of a ticket. Rowekamp is head of a steel fabricating and erecting firm. He i is a Westwood resident and is prominent in various Liat Nai possibility of a major steel strike that will shut Down plants organizations. Like this throughout the country Drew closer As talks Between Brokaw is a Young War Veteran United steelworkers Cio and u. A steel corp. Were broken off employed in the personnel i july 6 after the company rejected All Union wage pension and vision of the Kroger co. Welfare demand Federated pictures

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