Realities and problems

Bibliographic data

Monograph

Identifikator:: 1830556908

URN:: urn:nbn:de:zbw-retromon-221283

Document type:: Monograph

Title:: Realities and problems

Place of publication:: Westminster

Publisher:: [Verlag nicht ermittelbar]

Year of publication:: 1930

Scope:: 67 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: The engineering industry

Collection:: Economics Books

building trades operatives, but it is permissible to expect that the benefit would be a very real one. The non-exporting trades are not in contact with, and perhaps are not fully conscious of, the very serious position of the country at the present time. It 1s, however, of interest to note that some of the non- exporting trades are moving in the direction of a reduction in wages. The natural law by which trade even under the most sheltered conditions must inevitably face an uneconomic policy renders this unavoidable. PUBLIC UTILITIES, TEXTILES, BOOT AND SHOE, ETC. There are other industries which directly or indirectly affect, and are in turn affected by, Engineering. For example, electricity, gas and water supplies serve engineering works and also use products of those works, as well as of the Mining and Iron and Steel Industries, and therefore also of Transport. The Cotton Industry of Lancashire at one time supplied the greater part of the world’s needs for cotton goods so that textile machinery made by British engineering supplied the greater part of the world demand for such machinery. Those conditions no longer exist and in view of the competition of other countries, especially India and Japan, are unlikely to return unless costs of production in this country are very much reduced. Other Textile Industries such as the Yorkshire Woollen Industry, show similar depression and, consequently, cannot give orders to the Engineering Industry for machinery and spare parts. Slack export trade in the textile trades means slackness in the shipping trade and, as we have shown, in that way engineering is again affected. Again, the industries making boots, shoes and clothes are all depressed. Tables appended “H” show the import and export figures in the cotton and woollen textile and boot and shoe industries. Below are set out tables showing the unemployment in gas, water and electricity supply industries, the cotion, textile, and boot and shoe industries.

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