INDUSTRY: Next: Wages?

¶ At Camden, N. J. last week, New York Shipbuilding Corp. ordered a 10% cut in all wages and salaries.

¶ At Akron, Ohio, 13,000 employes of Goodyear Tire & Rubber Co. took a 12% pay-reduction as their share of the "economic readjustment."

¶ In Newark, N. J. union painters went on strike rather than have their daily wage cut from $12 to $10.

¶ In contrast to the trend of the times, M. J. Meehan & Co. Manhattan brokers restored the 12½% snipped from their employes salaries last year—but did not take back...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!