Archive Report
Archive Report
High Profits and the High Cost of Living
Probable Labor Drive for Share of Large Profits
Profits of American corporations, which have climbed to new heights since the end of the war, are attracting increasing attention in the search for a scapegoat for the mounting cost of living. The rise in corporate profits came into the limelight last winter when certain labor leaders contended that earnings were sufficient to permit a second postwar round of wage increases without increasing prices. Price rises nevertheless followed the granting of wage demands. If, as is now anticipated, labor bases demands for a third round of wage increases largely on the ground that it is entitled to a share of current high profits, the profit position of industry and its ...