Freedom the word to sell and the fringe benefit cost rise
J C Penney urged selling freedom as a core idea while noting America’s prosperity rests on liberty. The piece reports a 1948 Chamber survey and updates showing fringe benefits averaged 18.7 percent of payroll in 1951 across 736 companies, totaling near 25 billion dollars with variability by industry.
MENTIONED IN THIS ARTICLE
J. C. Penny
Mr. Penney
Bureau of Labor Statistics
Chamber of Commerce of the
United States
Emerson Schmidt
The Best for the Least in a Dynamic Economy
The article argues that the U S economy remains dynamic with output per hour rising over threefold since a century ago due to competition. It highlights retailing as a prime example where mass distribution lowers costs, expands markets, and creates jobs, making goods more accessible through chain stores and mail order.
MENTIONED IN THIS ARTICLE
Atlantic Monthly
Sumner Slichter
America
Economic Highlights and the Hidden Payroll Concept
The article explains two payrolls in a nation s economy. The regular payroll pays workers for services while the hidden payroll covers fringe benefits such as social security unemployment workmen s compensation pensions paid vacations profit sharing and more. These benefits often influence current economic conditions.
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