The fact that labor takes 50 to 60 per cent of total railway earnings makes limitations within which to effect economies very difficult, but the demand is no less insistent on that account.
Warren G. Harding: “The fact that labor takes 50 to 60 per cent of total railway earnings makes limitations within which to effect economies…”
Editor's note · Context
Harding highlights the challenge of balancing labor costs with the need for economic improvements in railways.
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