FIGURES THAT REVEAL
* NEW WAGE BASIS [Put United Pmb* Association.] TNi PRCARGILL, December 9. Speaking at the official opening of the Southland Summer Show to-day, the Minister of Internal Affairs (Hon. Adam Hamilton) said that for years New Zealand had been compiling statistics to adjust the wage standard to meet tho cost of living, but the time had now arrived when New Zealand’s greatest task was to adjust the difference between the export prices, which were the fanners’ wages, and cost of farming. The following figures, which were the latest he had, were interesting on these points:— (1) 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 per cent, below 1914. (5) British wholesale prices, 7 per cent, below 1914. The Minister added that in bis judgment there were no figures that stated the position more plainly than those and it was tho adjustment of those figures that was New Zealand’s great problem.
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Bibliographic details
Evening Star, Issue 20972, 10 December 1931, Page 18
Word Count
171FIGURES THAT REVEAL Evening Star, Issue 20972, 10 December 1931, Page 18
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