On High Wages

NZ Truth, Issue 1181, 19 July 1928, Page 6

On High Wages

ALTHOUGH he never studied politiv* cal economy; Henry Ford knows more about the science than does an academy of professors. ; . ] Interviewed m England recently, he j stated, svicclnctly: "One of the 'main things employers all .over the "world have to learn Is to pay wages. : If they do not, they will never make markets. People who .do not get enough to live on cannot buy." Contrary to all the nimble pen publicists, Ford declared: , "Unemployment m England is caused by wage's being "too low." ■ , : . . -This opinion is at variance with the traditional teachings of political economyj but it sounds feasible.; . Just as Ford- put all other business men m the "also-ran" division, bO he is now teaching economists something about the dismal science.