Code of Fair Competition for the Bituminous Coal Industry: As Approved by President Roosevelt in Executive Orders of September 18, 1933, and September ... the Executive Orders in the Text of the Cod - Tapa dura

Sinopsis

Excerpt from Code of Fair Competition for the Bituminous Coal Industry: As Approved by President Roosevelt in Executive Orders of September 18, 1933, and September 29, 1933, Incorporating So Far as Possible the Conditions of the Executive Orders in the Text of the Code

With the wage bill constituting 60 65 percent of the total cost of production and wages practically the only flexible item in costs, the result has been that the burden of declining prices has fallen in greatest force on the wage earners. Thus, the coal industry was an economic sore-spot for at least five years before the collapse in 1929.

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