WAGE POLICY
Sir,— A.H.S.” says. “When adjustments are made to cover direct wage increases, to ensure profits, wages must necessarily always be chasing prices.” Could it possibly .be otherwise? To put it the other way, prices to chase wages, would be rather difficult. He also says, “There must be a. gap between purchasing power and total prices” Why a gap? We have the power to produce all we need and more. Does not competition regulate the prices, so that those who produce get the equivalent in purchasing power?—Yours, etc., D.E. February 25, 1949.
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Bibliographic details
Press, Volume LXXXV, Issue 25741, 1 March 1949, Page 7
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93WAGE POLICY Press, Volume LXXXV, Issue 25741, 1 March 1949, Page 7
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