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Domestic News August 2, 1932

Imperial Valley Press

El Centro, Imperial County, California

What is this article about?

President Hoover plans to convene a national conference of industry and labor to promote the five-day week for job creation, accepting Gov. John G. Winant's suggestion based on the New Hampshire plan aiming for 10% employment increase through employee and dividend contributions.

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NEW HAMPSHIRE
PLAN STUDIED
BY PRESIDENT

WASHINGTON. Aug. 2. (U.P)-
President Hoover will call soon a
national conference of industry and
labor to promote more general
adoption of the five-day week as a
means of giving jobs to many now
idle.
He accepted the suggestion for a
general conference made by Gover-
nor John G. Winant of New Hamp-
shire, sponsor of the New Hamp-
shire plan designed to create jobs
for 3,000,000 through the five day
week.
Following up a conference last
night with Winant and other rep-
resentatives of the New England
council. President Hoover will dis-
cuss the problem with other groups
as a basis for the broad and detail-
ed study to be made by the general
conference he will call later.
President Hoover, Winant said
evinced "deep interest" in the plan
which New England industry gen-
erally approved at a recent confer-
ence.
The New Hampshire plan would
require cooperation and sacrifice on
the part of those now employed.
They would go on a five day week
and contribute a large part of their
sixth day's pay to a fund from
which other workers would be
hired. Contributions also would be
required from dividends. The New
Hampshire plan works out on a
proportionate basis. Its aim is a 10
per cent increase in employment.
For instance, a study made of
seven plants showed that 10 per
cent more workers could be taken
on at salaries of from $780 to $1.000
annually if there was contributions
of four to five per cent on salaries
from $1,500 to $5.000, and two to
three per cent on salaries under
$1,500.
Adoption of such a scale admit-
tedly would lower slightly the stan-
dard of living of those now employ-
ed. but carried to its ultimate con-
clusion would give everybody a job
at a lower rate.

What sub-type of article is it?

Politics Economic

What keywords are associated?

New Hampshire Plan Five Day Week President Hoover Job Creation National Conference Employment Increase

What entities or persons were involved?

President Hoover Governor John G. Winant

Where did it happen?

Washington

Domestic News Details

Primary Location

Washington

Event Date

Aug. 2

Key Persons

President Hoover Governor John G. Winant

Outcome

plan aims for 10% employment increase through contributions from salaries and dividends, potentially lowering living standards but providing jobs for all at reduced rates.

Event Details

President Hoover accepts suggestion from Governor John G. Winant for a national conference of industry and labor to promote five-day week adoption for job creation, based on New Hampshire plan requiring employee pay contributions and dividend sacrifices to hire more workers.

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