The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-08-01
RISE OF IDLE
W0RKERSENDS
ALL. Sees Improvement
In Business and En-
ployment
By WILLIAM II. LAWRENCE
United Press Staff Corresponden Mt

United Press Staff CORES pondent
WASHINGTON, Aug. /. tUPl
The American Federation of La
Dor reported last night that signs
of business improvements hay"
multiplied during July and that
the increase in unemployment has
been checked.
III its monthly survey of bust
ness, the AT Of l. said that the
present high Level Of workers
income will prove II powerful lift
ing force" and warned that
wage cutting at the present time
is against the public interest.
1t is significant that, although
business activity fell back to
within IS per cent Of the lowest
depression level, workers income
has fallen far less and at its low
est 1898 point was still SO per
cent higher than its depression
bottom" the survey said.
For this we may thank the
wa4e increases Of 1887 and the
absence of widespread wage cut
ting in 1888. This reserve Of buy
ing power has been Il bulwark
against further decline. 1t has Ia
ken retailers stocks of goods of
the market and created healthy
basis for the revival now start
ing" .,
The survey said that "it will
be many months before the de
preston losses can be recovered, y
and added that "a gradual recoV-
cry would be far more healthy
than 4 rapid speculative adj
vance"
1t praised the governments
pump printing" efforts to stop
the depression and said that
since the cost Of living today
CJune) is = l-2 per cent below
last years levels (June, 1880
every dollar of wages paid out on
these programs this summer will
buy more than it would have
bought last year"
1.-The influence of federal gov
eminent action in stopping the
l937-3S depression is important
and because our government NAV
be of great service to its citizens
in preventing future business de-
preSSionS. ii is we'll worth while
to examine its actions and their
results in the present circum-
stances" the AT of l. said. 40
union members. any action TO
prevent business depresSions and
lessen their effects is most import
ant; for in addition to throwing
millions of our members out OF
work. depressions may destroy
the wage standards built up thru
wears of careful negotiation and
gradual gains
Past experience has proved that
pump printing" is not effective
unless "wcll timed" the survey
said. adding that "in the present
case. however. the pump printing
seemed to come at strategic mo-
ment.'
June employment increased T.
600 and trade union employment
reports for "a cities which have
been showing employment gains
ever since March recorded a much
larger gain in early July than IN
June, the survey said.
1t also quoted statistics showing
fewer business failures, increaS-
ing production in the steel indus
try, declining inventories in the
hands Of wholesalers and declar-
g dthat "rise in steel operations
always adds impetus to business
revival
with brighter business out
look ahead and sales increasing IN
the country generally, firms which
had contemplated wage cuts will
be more able to tide over the
present difficult period without
reducing wages" it added. at IS
significan THAT wage cuts were
much fewer in June than in May.
In May, when the business out
look was uncertain and fear for
the future dominated business
thinking. 7S,500 wage earners re-
ceived wage cuts. In June, with
confidence growing and the out
look brighter only 2S,6OO had
their wages reduced