Important, though seldom discussed, is the manufacturing ratio between a day's pay and a day's work. Last week Gerard Swope, president of General Electric Co., discussed piecework versus timework payment, said that ''modifications of the piece rate system" had been introduced in General Electric plants. Figures on num-ber of employes, total salaries and total sales showed that in 1928 General Electric Co. had paid an average of 73,526 employes $134,056,000 and had received orders for $348,848,512 of C. E. products. The average employe therefore was paid $1,823 a year (almost exactly $35...
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