SOURCE: BASED ON DATA FROM FEDERAL RESERVE BOARD AND DEPARTMENT OF COMMERCE (Face p. 459) IRON & STEEL MANUFACTURED PRODUCTS 140 CONCENTRATION OF ECONOMIC POWER SUMMARY 459 use programs of the Department are centered on developing entirely EXHIBIT No. 2808 duced in connection with statement of Donald E. Montgomery, supra, INDUSTRIAL OUTPUT and Lowest Output in 1940, Compared with Highest Monthly Output, (Introduced in connection with testimony of Donald E. Montgomery, supra, Activities: EXHIBIT No. 2809 STANDARD ACTIVITIES OF FEDERAL AGENCIES 1. Establish standards used by others 2. Establish standards for own use 3. Establish standards as basis for loans 4. Research or operations provide basis for standards 5. Check commodities in commerce for compliance 6. Use standards of others in own activities 7. Maintain grading or inspection service 8. Check supplies or equipment against standards for purchases, loans, etc. 10. Further the use of standards The following material was submitted in connection with the statement of Carl Taylor, supra, pp. 408-16. SOME SUGGESTED LINES OF ACTION (Source: A Special Report by an Interbureau Committee and the Bureau of Agricultural Economics of the United States Department of Agriculture, Technology On The Farm, Chapter 15, Washington, 1940) From the preceding discussion it is clear that conditions are unfavorable for any easy or automatic adjustment to technological change. Furthermore, there is nothing in technological change itself nor in the way our present economy works that will assure everyone an equal share in its benefits. What, then, can be done |