Word: man-hours
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Russia's standard claim to vast economic progress got one more ringing refutation last week. After long study, Australian economist Colin Clark documented his conclusion that the rate of Soviet production per man-hour of work was less than one-eighth that of the U.S. "Economic progress in Russia," said Clark, "has been uncertain and slow, and the most recent figures indicate that productivity is now only at about [its] 1900 level...
...Russians, Clark finds, have achieved only one-fourth the productivity of Britain, two-fifths that of France. Russia is in a class with such economically backward countries as Hungary, Rumania, Yugoslavia, Brazil and Turkey. It leads India, which produces only half as much per man-hour as Russia, and China, whose productivity rate was only one-fourth of the U.S.S.R...
...international deals that now include licensing arrangements in England, Australia, New Zealand, Chile, Argentina, Mexico and Peru. The home office delivers the design, advertising and selling campaigns-and production know-how. Joyce's British partners, for example, after training at his Pasadena plant, managed to boost their own man-hour output by 50%. The result: Joyce footwear that sells in the U.S. for $2.95 to $10.95 sells for only a little more in Britain, which is about half the price of competing models of equal quality. By combining quality and economy, Joyce has built his foreign income until...
...price of our products." The A.F.L. agreed. In its official Monthly Survey it warned that wage demands could force employers into bankruptcy. Said A.F.L.: "Competition is back; prices can no longer be raised indiscriminately to cover higher costs. Business executives show new interest in cutting expenses. Production per man-hour is now rising sharply. These are all healthy developments which can bring business to its normal postwar balance...
Productivity. Before World War II U.S. workers produced 2.8 times as much per man-hour as British workers. So the International Labor Office in Geneva reported, following a survey of 32 industries for the period 1935-39. In agriculture and transportation, productivity was about the same in both countries. The U.S. productive edge was highest in automobiles, radios, tires, tin cans, etc., where the "scope of automatic machines is great...