Guaranteed Wages: Report to the President

United States. Office of Temporary Controls

U.S. Government Printing Office, 1947 - Government publications - 473 pages

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Selected pages

Title Page

Table of Contents

Index

Introduction	1

Summary and conclusions	10

Economic insecurity	19

Unemployment insurance as an approach to security	27

Experience with guaranteed wage plans	44

Costs in guaranteeing wages 6	61

Case analyses of gross cost estimates	70

Coordinating guaranteed wages and unemployment insurance	101

B716 Indexes of total manhours worked in the book and job printing industry and in selected plants 193741	234

B718 Indexes of total manhours worked in the slaughtering and meat packing industry and in selected plants 194741	235

B81 Part 1 Primary work sheet for derivation of costs under fulltime guarantees to all employees with more than 3 months of service by type of plan ...	245

B81 Part 2 Primary work sheet for derivation of costs under fulltime guarantees to all employees with more than 3 months service by type of plan ye...	246

B82 Summary work sheet for derivation of costs under fulltime guarantees to all employees with more than 3 months of service by type of plan year...	248

B91 Cost of payments for overtime and idle time as percent of actual pay roll in selected industries and plants 193741 and costs which would be attri...	250

Plant 1	251

Plant 2	252

IX6b Percentage of guarantee costs resulting from layoffs that would be borne by certain State unemploy	109

Reducing costs through stabilized employment_	125

Tax aspects of guaranteed wages_	137

Economics of guaranteed wages	147

Wage guarantees and industrial relations	169

Appendix A Origin of the guaranteed wage study	186

Actual compared with estimated product resulting from continuation of 1929	188

B21 Number of eligibles for guarantee in three basic steel plants classified by presence or absence of wages	195

B25b Steelworkers employed in the first half of 1937 and attached in all four quarters of 1938 by amount of wages in the first half of 1937 and by a...	198

B3 Unemployment insurance and the cost of basic necessities	199

B31 Maximum weekly benefit amount under State law December 31 1945 and budgets for families of varying composition 33 cities June 1943	205

B33 Maintenance budget for person living alone June 1943 33 cities and percent of weekly payments for total unemployment in State where benefits...	206

B41 Illustrative index of employment 3year cycle	207

B42 Illustrative index of employment 6year cycle	208

B43 Employers tax rate when employment is distributed on basis of seniority 3year cycle	210

B45 Employers tax rate when employment is distributed on basis of sharethework 6year cycle	211

Appendix B5 Effects of depression on unemployment insurance reserves	212

B51 Estimated effect of 193738 type recession starting July 1947 on unemployment insurance reserves under present and alternative benefit provisio...	213

B53 Assumed trends in covered employment United States and Michigan June 1947June 1949 by month	214

B55 Turnover rates in Michigan	215

B56 Estimates of taxable wages by quarter United States and Michigan	216

B58 Estimated percentage increase in costs resulting from change from existing benefit provisions United States and Michigan	217

B59 Operation of the Michigan reserve and the reinsurance fund during a 193738 type recession starting July 1947 under selected benefit provisions	219

B62 Percent of net profit before income taxes for selected companies represented by each one percent of total pay roll 193741	222

B63 Percent of sales for selected companies represented by each one percent of total payroll 193741	223

B71 Indexes of total manhours worked in the automobile industry and in selected plants 193741	224

B73 Indexes of total manhours worked in the steel industry and in selected plants 193741	225

B74 Indexes of total manhours worked in selected plants in the steel industry 193741	226

B76 Indexes of total manhours worked in the boot and shoe industry and in selected plant 193741	228

B79 Indexes of total manhours worked in the electrical equipment industry and in selected plants 193741	229

B711 Indexes of total manhours worked in the furniture industry and in selected plant 193741	230

B712 Indexes of total manhours worked in the glass industry and in selected plants 193741	231

B715 Indexes of total manhours worked in the paper and pulp industry and in selected plants 193741	233

Plant 5	253

Plant 7	254

Plant 9	255

Plant 11	256

Plant 14	257

Plant 16	258

Plant 20	260

Plant 22 see Appendix B12 279	261

Plant 25	262

Plant 27	263

Plant 29	264

Plant 31	265

Plant 34	266

Plant 36	267

Plant 39	268

Plant 41	269

B92 Comparison of number of persons actually employed and number employed under conditions of guar antee switching and terminal companies f...	270

B111 Annual quit rate per 100 employees in the iron and steel industry steel ingot production 193140	275

Metropolitan Edison Co 28	281

B131 Estimated value of orders for products of selected industry groups resulting from 1 billion dollar	287

Guaranteed wage or employment plans	289

Guaranteed wage or employment plansContinued Page	290

Case histories	306

Indexes of plant A production 192026	313

Approximate monthly indexes of total weight of livestock receipts by type	334

Annual indexes of production shipments inventory employ	341

D34 Excess of earnings over drawings paid out every 4 weeks for workers covered by NunnBush plan	347

Demonstration of overtime pay under conventional system and under	354

Seasonal variation in sales and production	363

Cereal and total manufacturing United States selected years 192737	369

Appendix E A study of the factors and conditions affecting regularity of production and stability of employ	385

Appendix F Economic analysis of guaranteed wages	412

Comments on the HansenSamuelson report_	464

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Guaranteed Wages: Report to the President
United States. Office of Temporary Controls
Full view - 1947

Common terms and phrases

48-week guarantee actual pay roll amount annual anteed wage average basis Blast furnaces Bureau of Labor business cycle consumer cost of guarantee cost of payments coverage covered cyclical decline demand depression dollars duration earnings economic effect eligible employ establishments estimates factors fluctuations full employment full-time fund Gross cost gross national product guar guaran guarantee of wages guarantee plan guaranteed wage plans Hormel income increase indexes industry January July June labor force Labor Statistics laws lay-offs less manufacturing maximum men's clothing ment Metropolitan Edison Co minimum months number of hours offset operation output overtime paid payments for idle percent limited liability percentage period Plan B Plan plant ployees ployment Procter & Gamble production profits quarter reduced requirements reserve result seasonal Social Security Act steel substantial sumer TABLE tion Total cost unem unemploy unemployment benefits unemployment compensation unemployment insurance union wage guarantee wage rates weekly

Popular passages

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Page 54 - ... (1) in pursuance of an agreement, made as a result of collective bargaining by representatives of employees certified as bona fide by the National Labor Relations Board...

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Page 151 - Employment Act of 1946". DECLARATION OF POLICY SEC. 2. The Congress hereby declares that it is the continuing policy and responsibility of the Federal Government to use all practicable means consistent with its needs and obligations and other essential considerations of national policy, with the assistance and cooperation of industry, agriculture, labor, and State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining,...

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Page 159 - Increasing regularization of public expenditures at all levels of governmental activity over a long period will offer an assurance of a demand for capital, of a market for materials and equipment, and of a field for employment which will assist in stabilizing that segment of the business world.

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Page 6 - An unemployment compensation system should be constructed in such a way as to afford every practicable aid and incentive toward the larger purpose of employment stabilization.

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Page 2 - A guaranteed wage plan is any scheme "under which an employer guarantees to all or a defined unit or group of his employees a wage or employment for at least three months

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Bibliographic information

Title	Guaranteed Wages: Report to the President
Author	United States. Office of Temporary Controls
Publisher	U.S. Government Printing Office, 1947
Original from	the University of Michigan
Digitized	19 Mar 2007
Length	473 pages

Export Citation	BiBTeX EndNote RefMan

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