AMERICA'S WAY

Evening Post, Volume CXIII, Issue 129, 4 June 1927, Page 9

AMERICA'S WAY

ELIMINATION OF WASTE

A SECRET OP SUCCESS

HOOVER AND AUSTRALIA

(United Press Association.—Copyright.) WASHINGTON, gad June. Mr^. H. Hoover, Secretary of commerce, received the Australian Industrial Mission. During the course - of his speech, he said that the industrial growth of America was due partly to educational advancement. An industrial millennium, however, had by no means been reached, but the progress made during the past MR. H. c. HQOVER. five fears eneoured optimism. Americans accepted almost unanimously the doctrine of waste elimination,_ together with the recognition that high wages increased output and stimulated consumption. In 1921 America had five millions unemployed. To-day she "had less than half a million.

An Australian employee representative here interjected: "Unemployment is always serious." Mr. Hoover agreed, saying that unemployment was a disease, but incurable through Government action^being entirely an economic ill. The old doctrine of employers that low wages gave the greatest output had been superseded by a new doctrine showing the changed outlook of Capital and Labour. American labour refused to accept the doctrine of restricted production. . ■ .