THE VICIOUS CIRCLE.
HIGHER PRICES AND LrVING COST. PRODUCTION THE ONLY CURE (Received 8.30 a.m.) CAPETOWN, November 5. The Minister of Industries, at tin opening of the National Conference o Employers and Employees at Pretoria declared that the country was getting further and further involved in thi '' vicious circle" resulting in high price: and increased cost of living. It wa 1 futile to attempt to stop it by fixinj prices or wages; the real remedy wa efficient production. The State could no be n passive onlooker in the squabble of Capital nnd Labour. The reduction Oi , working hours could not. be allowed to travel beyond the point of profitable pro-1 duction.—(A. nnd N.Z. Cable.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19191106.2.41
Bibliographic details
Auckland Star, Volume L, Issue 264, 6 November 1919, Page 5
Word Count
114THE VICIOUS CIRCLE. Auckland Star, Volume L, Issue 264, 6 November 1919, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in