Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

Do We Unders Productivity? Within recent months, newspapers have this: "During the 1960's, U.S. productivity year. During the '70's, the rate dropped to ; growth rate is virtually zero." But what, exactly, does productivity mear like this: "Productivity is a measure of goods and s hour of paid working time. Declines in produi ing unit labor costs, which are passed alon ?A simpler definition would be that "pro man-hour." Let's say a teenager has been mower, and it takes him one hour. Then his finds he can mow the same lawn in a half increased 100 percent. Apply the same principle in a broad way ti ing plants and farms, and you see it has tr them with the modern power tools and allov half the time, and you double their produc have more time for additional work or relax How can we provide American employee: living standard? Just as in the case of ou someone had to INVENT the power mowt CAPITAL (money) to turn that invention intc hands. It's the same in industry generally devise new productivity-improving equipm money for development and production am Unfortunately, various government polici and burdensome regulations?have discour new products. In the 1950's, 82 percent of market were developed in the U .S. By the lat ?... X percem. At the same time, excessive taxation of p and of private income from interest and gai savings and investment needed for the resea modern industrial inventions. That's why knowledgeable economists ai tax reform and regulatory relief?to increase boost America's productivity, and, in turn, 1 *5>tatc uf (l>ffuf of Ihe C Richard w Rite* January 20, 1981 Mr. George H. Cornelson President Clinton Mills, Inc. Clinton, South Carolina 29325 Dear George: On behalf of the State of South Cc to extend congratulations to you e Mills on your 85th anniversary. It is i nrtpprf a triKnto tr> uah unr responsibility it has been over tl tions of what has become a true ir industry. More importantly, it is ing employees you have had througl The diligence, hard work, loyalty employees typifies the best charac Carolinians. Vou all have reason I wish you the best in the future, appreciation for your contributior Yours sincerely, Richard W. Riley RWR:kw tand run such disconcerting statements as i improved an average of 3.4 percent a ?.3 percent. Currently, our productivity 1? A technical explanation is something iervices that the economy turns out per ctivity contribute to inflation by increasig to consumers as higher prices.'.' ductivity is the amount produced per mowing his parents' lawn with a hand ; Dad buys him a power mower, and he -hour. His productivity has doubled? d employees at a country's manufacturemendous social significance. Provide / them to accomplish the same tasks in itivity?and their living standard! They :ation. s with better tools so we can boost our r teenager who mows the lawn. First, sr; then, someone had to provide the > a reality and put it in the young men's First, inventors and engineers must ent; then, investors must provide the d its purchase by America's factories. DC AKcAlftfft AAfArtf Iauic bj uujuicic pcii.ci ii lawo, ncavy laACS, aged the invention and development of the world's major inventions brought to e 1960's, the figure had declined to 55 ersonal savings, of corporate earnings, ns on investments has discouraged the rch, development, and purchase of new id thoughtful legislators are proposing the invention and investment needed to :o boost everybody's standard of living. \\ (Carolina Sotormxrr Po?r Omici Bon H4SO COLUMBIA 29211 irolina, it is my pleasure ind the employees of Clinton 1 your predecessors, whose le years to manage the operaistitution of South Carolina > a itiDuce co cne nara worxlout this century and before, and perseverance of these rteristics of all South to be proud. , while expressing the State's of the past. Long Servlci Recoj The following employ twenty-five continuous y< pany, with the exception pleted forty. The Clotnmal these loyal and dedicate< vice to the Company. Wk'i " ^ ?: Joseph Cothran No. 2 Carding * "'V~ J^T^K , ' ^pp~'J8 J.C. Estes Lydia Spinning (40 Years) ? \ f r m j' Clara Gilstrap Lydta Cloth 9 Employees jnlzed ees recently completed ears service to the Comi of J.C. Estes who comker is pleased to recognize 1 employees for their ser MmJ nr\ r n^ ^ ^ Edna Osborne No. 2 Spinning n % 0 fm ft/1 II J.H. Whitmore No. 2 Cloth Roy Roach No. 2 Carding