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Prices Will Not Drop Significantly Say Bank and Officials
A panel of leaders including James B. Forgan Major General George W Goethals and Theodore N Vail argues that prices will not fall materially due to permanently higher labor costs and high wage levels They warn that resuming business requires accepting higher living costs and that labor constitutes over 75 percent of most product costs The piece notes wartime disruptions and a latent demand for goods and labor driving a slow path to price normalization.
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America
Europe
James B. Forgan
First National Bank
Chicago
United States
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Great Britain
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