HIGH WAGES
LOW EXPORT PRICES
NEED FOR ADJUSTMENT
(By Telegraph.—Press Association.)
INVERCARGILL, ,9th Dec,
Speaking at tho official opening of the Southland Summer Show to-day, tho Hon. A. Hamilton. (Minister of Labour) said that for years New Zealand had been compiling statistics to adjust the wage standard to meet the cost of living, but tho time had now arrived when New Zealand's great task was to adjust the difference between export prices, which were the farmers' wagCß, and the cost of living.
The following figures, which were tho latest to hand, were interesting on these points:—(l) Cost of living, 42 per cent, above 1914; (2) wages, 47 per cent, above 1914; (3) farming costs, 57 per cent, above 1914; (4) export prices, 10 por cent, below 1914; (5) British wholesale prices, 7 per cent, below 1914.
The Minister added that in his judgment there were no figures that stated (he position more- plainly tlian those, and it was the adjustment, of those figures that was New Zealand's great problem.
HIGH WAGES
Evening Post, Volume CXII, Issue 140, 10 December 1931, Page 10
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