Toledo union journal. [volume] (Toledo, Ohio) 1942-current, 1950-06-23
Locally
Speaking
BY HOWARD SEREN
President of Local IL, UAW-CIO

BUSINESS good in Toledo it's going to get better
~ This excellent city which to establish plant or
a store professional office
we needed anything more in the proof than the
the Toledo Blade and Times sending all country
This publicity has major that the labor
management atmosphere is in healthy days lost
through work stoppages in the four down
So per cent the Blade is telling the nation.
The other that Business Good Toledo The Blade
is telling the nation that
But why is business good in Toledo why is 1t GO
have money spend for the things they buy Toledo
workers have money to spend They spend it.
The merchants and the professional the service
are operating at profit because the cash registers
Business is GOOD because wage rates are HIGH
- It's as simple as that and don't let anybody tell you
You confused and complicated articles
by writers economics and you'd think that the money
OF course, that is the purest kind of balderdash
This industrial nation prosperous when its mass
industries prosper The farmer sells his fooduff profit
only when the people buy buy amounts
Factories full blast only when the people money
to spend.
People have money to spend when their rates
high enough to their and still leave
surplus Even credit based full continuing of
wages as anyone who wanted borrow money charge
televson set knows The first thing the agencies
to know is how much the borrow week.
ne earns, the more he can borrow, charge.
Ihs floor under mass purchasing is the only thing
that keeps production going They don't mass produce
yachts there is no mass market for them They do
mass produce Jeeps because there is large
OF working people and prosperous farmers willing and
this prosperity the business community Don't forget that
Wages would still be SO cents hour for en-hour day
management had its original fight against labor unions
And Fords would be hand-bu high cost luxury items
High rates support the factories empoye
more and workers to turn out the which
market absorbs
High wage rates FIRST in equation They have
to- Business won't stir until the market plain sight
In Toledo where the Blade business good wage
rates about high anywhere in the country
where the spending in Toledo
else
said moment that business going get better
in Toledo And now, perhaps, you guess why.
The UAW-CIO doesn't think wage high enough
yet We going to pushing get higher
while working to raise the level earnings and
therefor the level of business and profits Toledo
looking ahead.
We know that workers earning high rates Toledo
only buyers goods while they they retire. they
That's where Pensions in The UAw-CIO has not
forgotten its main job OF getting better for the workers
But knows, too that thing that will keep industry
going money in the pockets workers longer able to
work.
Pensions for the retired workers health for
the sick and injured workers steady
the earnings of the workers in the plants only
antee this nation has of continued prosperity
Business IS good in Toledo And Local IL, UAW-CIO
takes modest pride the knowledge that this huge unon and
the who its affairs had about much do with
Toledo's good business a anyone.
Thank you