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Newspaper
Reporter Boyden
Location
Boyden, Iowa, United States of America
Date
Oct 07, 1948
Page
2
Labor and Profit: A Call for Large Honest Returns
The author argues that high profits benefit workers, cites surveys showing beliefs about profit levels far above reality, notes corporate earnings below 6 percent of sales, and warns against government overreach. He asserts profits fund tools, plants, and jobs, and recalls the 1930s stock of tools dropping from $1,646 to $1,302 per person, needing about 76 billion to restore.
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