Word: profitable
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Dates: during 1940-1949
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...price-specifically, OPA's Maximum Average Price plan. Under it, high-priced goods cannot be sold unless balanced by enough low-priced goods to bring the manufacturer's average sale price to his 1943 level. Some shirt and suit makers had made high-priced items, because the profit was greater on them. Now, they said, they could not buy fabrics to make low-priced items, thus could not sell their goods to retailers. Their solution: abolish...
...been given to labor's claim that it was fighting a sinister capitalist plot to destroy unions and break up the American system. Labor's charge that industry could and would sit on its haunches all year taking its profit from the "carryback" provisions of the tax law, was also shaken...
...most hopeful suggestion came from Connecticut's Congresswoman Clare Boothe Luce, who said it was high time to establish "a new principle of relationship between labor and capital" based on a "fair and equitable distribution of the fruits of industry." Her suggestion: that Congress resume a study of profit-sharing plans which was broken off when war came...
Committeemen who made the study had reported that in 1939 profit-sharing companies formed "islands of 'peace, equity, efficiency and contentment,' and likewise prosperity, dotting an otherwise turbulent industrial map, all the way across the continent." To Mrs. Luce, these words still sounded more promising than anything yet said...
Added Editor Canham, whose Monitor never stoops to peep: "Newspapers . . . assume, correctly, that the public likes to read this sort of thing. But is that the final criterion? Or is it even a correct long-range analysis of the profit motive? Will not this continual nursing of demagogic power in the hands of a few keyhole columnists react against newspapers in the long...