HIGH WAGES AND HIGH PRICES.

Alexandra Herald and Central Otago Gazette, Issue 1208, 19 November 1919, Page 2

HIGH WAGES AND HIGH PRICES.

I A PEW POINTS TO THINK ABOUT. ! The following well-argued statement jof the need for production appeared [recently in tho 'Daily.Express':— ! DO YOU KNOW THAT—- ! The less you produce, the higher prices will be? -■ | High wages do not necessarily mean vou can buy more or live better? I High wages mean that raw materials cost niorc? ] Iligh-prieed raw- materials moan n high' price for manufactured i articles? A high prico for these mean that your wages arc much less than you think thoy arc? High prices at Home mean giving a ] chance to your foreign riv.il at | Home and abroad? v The value of wages is what they can I purchase? Wo are not the only manufacturing country on earth? DO YOU KNOW THAT— There aro others, including: America, France, Italy, And still Germany ? That Amorica produces, per man, •; .double tho quantity you do? Producing largo quantities doos not I mean lower wages? It does mean wo can sell abroul at a lower prico! This means we can do a larger trade I at homo and abroad! Franco has now three-fourths of. Germany's ores in Lorraine?' Sho also has now largo coal deposits to smelt them? I Sho will build upon theso an extonsivo foreign, trade? i Hero ie another competitor for you! j You will then hav 0 two great competitors! | DO YOU KNOW THAT— Industrial Germany is hot dead? , , Sho can and restoro her i industries f Sho has.her eyes on our markots and on our foreign markets? Sho intends to capture as much of theso as she can? You now havo three great competitors. And you arc doing your best to help them beat you to a 'frazzle?' DO YOU KNOW THAT— . ! While you are wrangling they ore getting busy? You aro doing just what thoy wain you to do! And that you arc killing the goose ! that Jays ■» tho" golden ogga— Trade and Wagqs? • ,