Word: leveler
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Dates: during 1950-1959
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...Slashing all private and semiprivate credit in half, and freezing of public spending at the present level of about $1 billion annually to halt inflation...
...Spurring the industry's hopes is the rising level of U.S. consumer spending. Department-store sales in the week ending June 13 were 3% over last year, despite a sales-crippling newspaper strike in St. Louis. Fairchild News Service's own survey, covering specialty shops as well as department stores, showed a sales jump of 4% over the preceding week, the tenth such weekly rise. Another big reason for confidence is that manufacturers this year took pains to study their market. Many sent their designers on nationwide tours to sound out stores and shoppers on the kind...
Sondheim, one of the industry's leaders, all this means that the U.S. is on the verge of a new era of luxury and individuality in clothing, in which shoppers at every price level prefer one good article to two shoddy ones. Taking dead aim at achieving an "opulent look," Sondheim and other manufacturers have gone in heavily for velvet, lace, brocade and other elegant fabrics in evening and cocktail dresses, have used fur trim lavishly. The dressier clothes cost more, promising retailers both higher unit and dollar volume. Fur Pants. Another place where the luxury look shows...
...economic area-the level of industrial output per man-hour -Russia is still far behind the U.S. U.S. national product per man-hour has been rising even faster than national product per capita (which is by far the highest of any nation), has'jumped at a rate of 35% to 40% a decade since World War II-and is still growing by the day. The reasons for the growth, says the report, are not only an increase in the volume of capital goods (of which the U.S. has more than any other nation), but the U.S.'s large...
...According to industry statistics, postwar wage costs have risen nearly twice as fast as the cost of living. Replies the union: average earnings do not mean anything, because the majority of steelworkers have to work at incentive pace and on undesirable shifts and normal off-days to achieve that level. What really counts, says the union, is the industry's minimum wage of $2.13 an hour, which is equaled or exceeded by nine major industries and is 11? lower than the auto industry. Besides, steelworkers rarely work a full work year; they have averaged 40 hours a week...