Word: outmanned
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Dates: during 1940-1949
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...plants (with less than 1,000 on their payrolls). Last week an executive of one such concern went into print with the charge that this vital segment of the U.S. industrial economy was being squeezed to death. In an article in The Atlantic Monthly, building-insulation maker Robert E. Outman said...
...Much Talk. Outman illustrated his point with an account of his own experiences as executive vice president of Chicago's United States Mineral Wool Co. Shortly after V-J day, he signed a new contract with his 250 employes
...Outman's employes were not content for long. Soon after they had signed, they heard President Truman's wage-price policy speech, in which he declared that industry as a whole could afford substantial wage increases without price increases. The ability of big business to absorb the higher wage costs, said Manufacturer Outman, put smaller concerns at a disadvantage in the competition for efficient labor. The end result: "a production slowdown throughout the small manufacturing concerns...
...Much Medicine? The basic trouble, according to Outman: "The Government has continued to handle the peace as though it were a depression. The 'emergency' planners have tried to doctor up a once healthy situation with so many panic policies that industry, the unwilling patient, is sick from too much of the wrong kinds of medicines...