With all the first-hand advice he has recently received from within and without the Administration, President Roosevelt has yet to decide what to do about Recession. Last week, however, he decided what not to do about it. And what he decided was not far different from what Herbert Hoover decided eight years ago when another Depression was getting under way: he made a statement against reducing wages.
Before press conference the President arranged to have a written question submitted asking whether he agreed with U. S. Steel's Benjamin Franklin Fairless that steel prices could not be cut without cutting wages....
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