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Maude then advances on the packers—and again she learns she’s chosen the wrong victim. In 1939, packers received 16 cents of that meat dollar— today their share is under 14 cents. And that isn’t profit—it’s their gross. Their actual profit averages about one cent for each dollar of sales— - and works out to a fraction of a cent for each pound of meat we buy.
That leaves the farmers hnd the ranchers, and Maude’s dead sure she’s on the right track at last But again she gets some tremendous surprises. The farmers are doing well, as they should, but they aren’t profiteering and few of them are getting rich. The ' cost of everything they buy has gone way, way up. In 1939 a hired man averaged $50 a month and part of his subsistence— now he makes $175. And average farm family income is well below that of the city dweller. -
Maude winds up by discovering that today food represents only one cent more of the purchasing dollar than it did 15 years ago. In other words, our incomes have increased right along with prices. The only one who’s profiteering is “the other fellow” and nobody can find him!
Economic Highlights
No one knows who the next President will be. But whatever his name and party label, he is in for a rugged time. United States News & World Report recently dealt with what the
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