WAGE POLICY
Sir, —The method adopted by the unions to show’ the increased earnings o ' companies and individuals in comparison to increased wages is not just. The profits should be shown under five headings: (a) banks, insurance, stock and station, retailers, chain stores, indent; (b) farming, freezing, manufacturing, building, sawmilling fishing, mining, etc.; (c) transport, cartage, newspapers, gas, garage and petrol service, shipping, etc.; (d) medical, dentistry, accountancy, solicitors, etc.; and (e) miscellaneous, e.g.. auctioneers, land agents, horse trainers, commission agents, etc. Then section profits will show to what extent wages can be increased in various occupations. To lump everything together is absurd. It is also claimed that of every £1 gross income last year, 10s 6d went to wages and 9s 6d to profit; but what about overhead? This must be deducted from profits, as it cannot be charged against wages: so profits may be Is 6d or less?—Yours, etc., COST DEPARTMENT. February 23, 1949.
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Press, Volume LXXXV, Issue 25738, 25 February 1949, Page 5
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156WAGE POLICY Press, Volume LXXXV, Issue 25738, 25 February 1949, Page 5
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