INCREASED WAGES
Sir,—The move in the Federation of Labour for increased wages to give a greater share of the national dividend to wage earners is difficult to understand. Dividends of companies are paid to shareholders (investors) after net profit is ascertained; namely, sales less cost of materials, labour, overhead, distribution expenses, etc., while the largest amount paid is to the Government. Private employerSj councils, boards, etc., do not have dividend accounts. What, therefore, is the national dividend and from what profit and loss account are increased wages to be paid? Clarification by the secretary would be enlightening to the citizens of the country.—Yours, etc.. INTERESTED. September 23, 1948.
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Press, Volume LXXXIV, Issue 25609, 25 September 1948, Page 8
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108INCREASED WAGES Press, Volume LXXXIV, Issue 25609, 25 September 1948, Page 8
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