AGAINST WAGE-CUTTING
ROOSEVELT'S MOVE
"SUICIDAL POLICIES"
(Received January 26, 2.25 p.m.)
WASHINGTON, January 25.
President Roosevelt has made to tha Press a significant statement designed to stop wage-cutting, arising from business recession.
fie said that wage reductions in industry made worker's carry the burden. of business relapse, which was just as unfair as if the bondholders were made to do so. He stressed the necessity of maintaining the purchasing, power of the worker. "Industrialists. kill the goose that lays the golden eggs when they keep up prices at the expense of employment and purchasing power, or cut wages and thereby reduce purchasing power. Either policy: is suicidal," said the President.
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Bibliographic details
Evening Post, Volume CXXV, Issue 21, 26 January 1938, Page 12
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110AGAINST WAGE-CUTTING Evening Post, Volume CXXV, Issue 21, 26 January 1938, Page 12
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