Word: retailing
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Dates: during 1940-1949
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...there anything of senility among the group. Their average age is 32.5 and all but one are married men. Their industrial backgrounds are as varied as their home states. Sam Duke, who has been an organizer and business representative of Local 41 of the Retail Clerks International since 1938, was a mens' furnishing salesman before that time. George Feffer, of the I.L.G.W.U., is an assorter and dress operator, and has served on the Executive Board of his Local...
Proof that the issue had relatively little effect on the real cause of inflation-namely individual spending-was that retail sales all during December were the highest on record. The Treasury has climbed several steps up the ladder leading to sound fiscal policy; but it is still not out of purgatory...
...every item. Ceilings will be set (and may be published in handy booklets), community by community, first for meat and soap in key cities, later for all groceries in all places, as fast as newly enlarged OPA regional offices can handle them. Some 400,000 retail food outlets will be affected...
...consumption of these goods ran far ahead of actual output due to a huge drain on inventories. When the President, touring the Washington shopping district last fall, exhorted shopkeepers to hide their "luxuries" in the attic, he was simply responding to the statistical fact that in October and November retail sales were practically at an alltime peak. And, at Christmas, buying was bigger and more lavish than at any time in the country's history...
...causes of this civilian boom which used manpower and resources were two. One was the Government's policy of freezing prices, which in most retail lines effectively prevented the action of price from curbing demand. The other was the failure to bring civilian buying power into line with output of goods. Against goods and services of $81 billions, income payments to individuals after personal taxes were about $108 billions in 1942. In 1943 income payments after taxes are likely to be $118 billions to purchase some $75 billions of goods and services-the goal towards which Washington hopes...