Abstract
T guaranteed annual wage is no longer merely an industrial relations curiosity. Acceptance of the annual-wage principle by the Ford Motor Company and General Motors Corporation forces consideration of this type of plan by other firms and industries. Studies of the few companies (Lincoln Electric Company, Procter and Gamble Company, Nunn-Bush Shoe Company, and George A. and Company) which have some plan for stabilized employment seem to suggest that such a plan is feasible in some industries. Another factor which is usually uncovered in such studies is that employee annual earnings in these companies seem to rise following the inauguration of these plans. The chain reaction appears to be as follows: operations are stabilized, employment is stabilized, and higher earnings result. These circumstances do not prove causality, but interested unions may have inferred a causal relationship and based policy thereon. The United Packinghouse Workers of America (UPWA) is a case in point. The July-August, 1951, UPWA publication The Meat of It directs attention to the high earnings at the George A. and Company plant in Austin, Minnesota. It asks the question: Hormel Does It-Why Not the Big Packers? It is conceivable that
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