Word: coding
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...easy task had Mr. Sloan in getting three-quarters of his industry to agree to a code that outlawed child labor in the mills, cut working hours from as high as 55 to 40 per week, set a minimum wage of $12 in the South, $13 in the North. On July 17, the day his code went into effect, he made his stirring declaration: "Someone had to pioneer...
...outstanding example of effective self-government and planned production in industry." To prevent "seasonal overproduction" the cotton textile industry would reduce its December output by 25%. There were good excuses for this failure of purchasing demand besides the increased price of cotton goods. In May and June before the code went into effect, buyers anticipating price increases had stocked up with large quantities of cotton goods which had to be sold to the public before steady demand could be resumed. And since the textile code was the first of its kind, it was necessary for the industry to wait until...
...January the mills went back to normal production allowed by their code (two shifts of 40 hours a week). They kept at it until June, but NRA's expected surge of public buying power did not develop. Unsold goods piled higher and higher. At the end of May, NRA proclaimed another 25% reduction in output to be effective for twelve weeks (TIME, June...
First Year. Twelve months after Mr. Sloan went pioneering, he had in justice to himself to make a report. Proudly he rehearsed again all that his code had done for labor. Then he added...
...While the industry takes pride in the tremendous gains for its workers under the code, the stockholder is still the forgotten man. . . . Today we are again confronted with profitless operations, closely bordering on pre-code conditions...