PRICE CONTROL
EFFECT ON WAGES
STABILITY SOUGHT
MR. SAVAGE REPLIES TO BANKERS
"If we control prices we are controlling the necessity for increasing wages," said the Prime Minister (the Rt. Hon. M. J. Savage) today when commenting on a cable from London expressing misgiving on the part of banking circles at the apparent absence of wages control simultaneously with price control.
"Already we have suggested to those who are interested in better conditions in New Zealand that they should go easy on making demands, and when we are talking like that we want to see that machinery is provided so that prices are not raised against those whose wages are expected, for the time being, lo remain somewhere about where they are. "There are quite a number of people in the community who have no reason to feel that the limit has been reached as far as wages are concerned —some whose demands for increases cannot lightly be turned aside. "But. speaking generally, we have asked for stability, on the one hand from those who are controlling prices, and on the other from those who are making demands for higher wages. "These sentiments," added Mr. Savage, "can have only temporary application while we are dealing with a difficult situation, but a situation that was inevitable to anyone who did any serious thinking."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19390512.2.119
Bibliographic details
Evening Post, Volume CXXVII, Issue 110, 12 May 1939, Page 10
Word Count
222PRICE CONTROL Evening Post, Volume CXXVII, Issue 110, 12 May 1939, Page 10
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