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CHAPTER PAGE I The American Scene
Wage Reductions in the Crisis
Wealth and Real Wages
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adjustment afford American average balance banks Brazil breadlines built buying power capital and labor cities class struggle commodity market consumer corporations cost cotton created debts deflation depres depression dollar sign duction dustry earning economic equilibrium economic fact economic scene economic structure employed employer employment Europe executive face factories financing forced high real wages Hod carriers homes hope hourly rate houses ically income increase individual law of supply leaders Meanwhile ment millions money wage natural law nomic operations paid pay envelope payrolls plasterers ployes production profitable readjustment real wealth reduced restore road sacrifice salary cuts scant situation standard of living struggle sumer supply and demand tariff things tion true ultimate unem unemployed union labor wage cuts wage earners wage rates wage reductions wage scale Westchester County white-collar worker workmen