Falling through the floor

Hage, David
September 1993
U.S. News & World Report;9/27/93, Vol. 115 Issue 12, p62
Examines how the downward spiral in prices is costing many workers their jobs. Examples at Procter & Gamble, RJR Reynolds, and American Airlines; How prices that actually go down are still the exception; Supply and demand--the cause of the disinflationary cycle; How companies often protect their margins the old-fashioned way--by jettisoning workers; Debate caused within the Federal Reserve Board by recent price developments.


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