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Seward Daily Gateway
Seward, Seward County, Alaska
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In Washington on Dec. 21, the LaFollette plan is outlined, aiming to boost incomes for lower earners, raise minimum wages, stabilize purchasing power, provide unemployment insurance, and maintain flexible price levels.
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WASHINGTON, Dec. 21, (A)—The LaFollette plan contains the specific goals of "increasing the proportion of incomes going to the majority of lower income ranges who will spend more of it for products; raising the lowest wage rates making purchasing power more staple than the business activities from which it is derived.
Also, by the use of reserves or insurance against unemployment and stability of price levels so far as practicable but not a price system pegged at certain points only."
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Domestic News Details
Primary Location
Washington
Event Date
Dec. 21
Key Persons
Event Details
The LaFollette plan contains the specific goals of increasing the proportion of incomes going to the majority of lower income ranges who will spend more of it for products; raising the lowest wage rates making purchasing power more staple than the business activities from which it is derived. Also, by the use of reserves or insurance against unemployment and stability of price levels so far as practicable but not a price system pegged at certain points only.