Competition with foreign lines is rendered still more difficult for the Shipping Board as a result of the high wages paid to its employees. This difficulty is increased by a decision last week to raise wages 15%—the result of the negotiations concluded by Vice President T. V. O'Connor with the representatives of the International Seamen's Union. This raise, coupled with the adoption of the three-watch system and the eight-hour day in port, will increase operating expenses.
...
To continue reading:
or
Log-In
