Clipped From Beckley Post-Herald

info677 Member Photo

Clipped by info677

 - the way ete'cnted: am Alexander · the stats' I...
the way ete'cnted: am Alexander · the stats' I each hand February " that be title ' or and hand chairman 27 hopes doHars Rockefeller GOP Nixon The and to deal Looking Ahead*Industrial Ahead*Industrial Strife Costing U. S. Its World Markets By DR. GEORGE S. BENSON "When the 500,000 strikingsteel workers returned to the mills in mid-November in obedience to the.lnjunctive provisions of the Taft-Haniey Act each workerhad lost on the average $2,000 in wages. That adds-up to $1 billion loss. But this was only a small part of the general loss sufferect by the nation -- ·with every citizen, young and old,'in-. Volved, The total total losstimt can actually be measured i n dollars- a n d cents may approximate approximate 9^0 billion. It would seem thatnoorte actually won anything; and tint ·everybody lost, At a time in world affairs when our nation's industrial strength is the only force holding bade the hordes of international Com* animism, the question arises In the minds of thinking people everywhere everywhere whether the short- range paralyzing and the long, range damaging of a part of Atnerica*s productive capacity could possibly be justified by the issues In this strike. Besides the loss to tiie steel workers them' companies at a time when tfedfr. competitive position already was shaky. Railroad workers, laid of freight runs which were dominantly''carrying steel cod steel products, lost $120 mflUoo ·-70,000 railroad worker* net* Idled, ;'· \ Coal companies ferrto tin Steel _industry lost $300 irciHIfH in business and the 57,000 coal miners made idle by the steel strike lost-$95 million In wiges* Most of the* auto industry ma forced to shut down for lack steel. The loss in business wuf $750 million. The loss in business, business, taken by European into* mobiles, was a long range additional damage. More thin 200,000 auto workers lost $113 mfllionini ***''' REACHING GRASS HOOTS ·» Most of the constructionprojects suffered because of inability to obtain steel -- bridges, building^ industrial plants, national defense defense projects. More than 65,000 workers, were idle, losing $131 million in wages. Several thousand thousand other industries (employing (employing millions of people) allied with sted or supplying parts to major automobile and sted fabrication plants, were, mad* selves (pre-strikepollsiynews* idle * Nearly 200,000 work* - - - -papers -papers indicated a majority did not wish to strike), thedamageis felt down to the very grass roots of the nation, · *· LOSS IN BILLIONS--According BILLIONS--According to a study made by theUnited States News and World Report the 95 companies lost billions in business up to the middle of November. November. The loss of this income was probably not as damaging as the damage suffered in the world market for steel -- where European European competitors moved in on customers of the American steel be con- . · George the the but most chip* William Me- the from Ike that chief* is from, wasn't for Prime Minister Macmillan, lie set tip his own private tea party for Macmillan. Asked at a press conference why hehadn't invited Nixon, Bee replied; i; The Vice" president is a very busy man,**. * . . With Nixon now the only GOP candidate, Eisenhower Is throwing neutrality overboard and will let Nixon in on various important moves similar to settlement of the steel strike. It should win more headlines than any Democratic candidate* * ** tJE fSAtJLLE'S GRANDEUR-Allied GRANDEUR-Allied diplomats report that General de Gaulle*s highhanded attitude toward his allies is rock- Ing the unity of Western Europe. Even De Gaulle's close friend,Chancellor friend,Chancellor Adenauer of Germany, Germany, is getting fed up with De Caulle's single-minded campaign to restore the grandeur that was France. Muttering behind the scenes is growing louder and the postwar partnership between Germany and Francois definitely tinder a strain. Among the allied statesmen, the only one who doesn't seem cverly upset With De Gaulle is president 'Eisenhower* Ike stiU clings to the conviction that De Gaulle, is" a big improvement «ver the French, governments' «rs were known to have been forced 1 riut of wdric with wages tailing $400 million. When thefi* Hal figures are in, this will btf Several times multiplied. j At least 25 millionpeoplevBTB «!irectly and adversely affected fcy the steel strike. In late Vember I was in the office of email industry making parts fop cneofthebigautomtnufacnirers* "We-will lose $250,000 in husitt* ess,?* the president said. *'W» fcaven*t felt it yet, but it felt. It will affect the earnings every employee we havei of ·*ry employee's family, as weH as the stockholders. And of course It will affect thetus* iness of every company witfr which all these people trade* " * * * *AR-REACfflM5 INJURY *· The Federal government lost fit. taxes an estimated $1.3 JbUlior* on lost corporation income; tfitt another $300 million in taxes on lost wages. State and local gov« crnments lost accordingly. Every taxpayer in America will have help make up this loss. But 'perhaps the most slgnlf* leant loss of all is to be the petitive position of American In* dustry in the world and domes-, tic markets. Foreign-made good* of all kinds are flooding Amer» ican markets -- simply because production costs (of which labor cost is "by far the biggest have been pushed up constantly in America until our manufao* tcrers cannot comment. Tta. steel strike boosted again the production costs of themostbtalc item in American commerce-* steel. This hurts our Industrie* and jeopardizes millions of job* --especially !h« steel work-* ers and other industrial em* ployees -- cannot afford such av great loss and serious danger tt» American industrywhentheissu*' is" a small wage increase for workers alreadyrecelvlng,mtl**

Clipped from
  1. Beckley Post-Herald,
  2. 07 Jan 1960, Thu,
  3. Page 4

info677 Member Photo
  • Clipped by info677 – 27 Nov 2013

Want to comment on this Clipping? Sign up for a free account, or sign in