Word: marginalls
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Profits were also nipped by the squeeze between rising wages and a slower rise in productivity. The nation's output per man-hour has risen an average of 3% every year since World War II; in 1956 it increased only an estimated 1.7%. One trouble was strikes, which cost...
After a three-year study of eight tariff-protected U.S. industries, Economist Percy W. Bidwell concluded last week that gradual but deep tariff cuts would not hurt U.S. industry as a whole and would damage only the marginal producers .in import-sensitive industries. "Most of these industries," he wrote, "have...
Tariffs only encourage sliding, inefficient manufacturers to continue in uneconomic industries that require federal protection, says the study. In effect, they are subsidized by consumers. In the mass-production industries, where U.S. wages are far above world scales, Bidwell found that the U.S. worker usually so outproduces low-paid foreign...
2) Wherever possible the Admissions Office has estimated a potential candidate's chances, and discouraged hopeless or marginal applications.
Overall, the hope is to cut the current 14.1 million bale surplus to a manageable 4,000,000 bales by 1959. But few cotton economists are that hopeful or think that any Government program alone can offer a final solution. The real answer is for Old King Cotton to grow...