realize net earnings of only $1,960 (the 

 ininimurc) at all the revenue levels - 

 ($2,000 through $7,000 per trip). 



A comparison of the net per trip crew 

 earnings at various levels of ciollar pro- 

 ductivity under the conditions which ex- 

 isted prior to 19h6, with the per-trip 

 crew earnings under present conditions, 

 illustrates again the changes which took 

 place in the fishery after World War II. 

 Given I9I42 trip expenses, we find that 

 under the pre-19ii6 arrangements the per 

 trip crew earnings increased from $lj80 

 (the minimum) to approximately $1,800 as 

 per trip value increased from $2,000 to 

 $5,000. Under conditions as they exist to- 

 day, however, crew earnings would be approx- 

 imately $1,960 (the minimum) at all per 

 trip values between $2,000 and $5,000. It 



The crew, by means of the increase in 

 the broker payment has greatly added to 

 its earnings at low levels of per trip 

 productivity. Likeviise, with the institu- 

 tion of the 60-liO lay, the crev: has in- 

 creased its earning capacity at high levels 

 of productivity. The crew has increased 

 its earning capacity relative to that of 

 I9U2 at all levels of productivity and has 

 succeeded in passing on to the vessel 

 owner the substantial rise in trip expen- 

 ses. These changes have not only increased 

 the element of risk faced by the vessel's 

 owner at lovj levels of production but have 

 also reduced the profit possibilities 

 available to the vessel owner at high lev- 

 els of production. 



Exhibit E illustrates a further dif- 

 ference which exists between the Boston 



Source: New England Fish Exchange. 



appears, then, that between I9U2 and 1956 

 the crew has increased its earning capacity 

 by approximately $1,500 per trip ($1,960- 

 $li80) at per trip productivity levels of 

 $2,000, and by about $200 ($1,960 - $1,800) 

 at levels of $5,000, despite the fact that 

 trip expenses In 1956 were more than 100 

 percent greater than the trip expenses of 

 I9U2. At productivity levels of $6,000 

 and $7,000 per trip, the 1956 crew's earn- 

 ings would be slightly below those of 19li2. 

 At higher levels of per trip productivity, 

 however, say $12,000, the 1956 net crew 

 earnings would appixiach $5,700, while in 

 I9I12 its net earnings would be approximately 

 $5,300. Thus, 1956 earnings would be some 

 $liOO larger despite the 100 percent in- 

 crease in trip expenses. 



fleet of the middle 50's and the fleet as 

 it was in the l9li2-l9l4U period. For the 

 3-year period, 19lj2-19iilt, 60 percent of 

 the vessels made 30 or more trips and 18 

 percent made more than 35 trips per year. 

 In the 3-year period 1956-58, however, 

 only 2h percent of the vessels made more 

 than 30 trips per year and none made 3$ 

 or more. 



Information concerning the number of 

 trips made during each year 1937-39 iSZ' 

 was available for many of the 20 vessels 

 which served as the basis for the 191+2-14; 

 period. This data indicates that the 



107/ The data furnished by the New 

 England Fish Exchange . 



69 



