The method of forcing a balance between the manufacturing costs and selling costs of fabrics which New Bedford and neighboring Taunton, Mass., textile makers adopted last week was to reduce wages. The New Bedford Silk Mills cut pay by 25%, and at once 140 employes walked out. Twenty-seven cotton mills announced 10% pay cuts for the beginning of this past week and 2,571 mill hands immediately voted to go on strike. The three local newspapers are condemning both wage reductions and strike.
...
To continue reading:
or
Log-In
