Substitutons in Connection with the President's Reemployment Agreement (Classic Reprint)
Substitutons in Connection with the President's Reemployment Agreement (Classic Reprint)

Author: Paul Hutchings

Publisher: Forgotten Books

Published: 2017-11-19

Total Pages: 32

ISBN-13: 9780331387889

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Excerpt from Substitutons in Connection With the President's Reemployment Agreement This material was prepared by Mr. Paul Hutchings of the Labor Studies Section. It is distributed for appropriate use by interested Study Units. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Bulletin
Bulletin

Author: United States. National Recovery Administration

Publisher:

Published: 1933

Total Pages: 24

ISBN-13:

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Work-Sharing During the Great Depression
Work-Sharing During the Great Depression

Author: Jason E. Taylor

Publisher:

Published: 2011

Total Pages: 0

ISBN-13:

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The President's Reemployment Agreement (PRA) of 1933 directed firms to reduce workweeks during the Great Depression so existing jobs could be spread into additional employment opportunities. Similar work-sharing policies have recently been implemented across Europe in hopes of reducing unemployment. I find that, ceteris paribus, the work-sharing aspects of the PRA created nearly 2.5 million new employment opportunities in around four months. However, the programme also required firms to raise hourly wage rates, offsetting close to half of these gains. Furthermore, most of the remaining employment gains were wiped out after cartel-oriented industry-specific codes of fair competition supplanted the PRA.