PLIGHT OF GERMANY

Timaru Herald, Volume CXXXVIII, Issue 19960, 19 November 1934, Page 5

PLIGHT OF GERMANY

SEVERE HARDSHIPS AMONG WORKERS WAGES DROP TO DOLE LEVEL United Press Association—By Electric Telegraph—Copyright (Received November 18, 11.50 p.m.) BERLIN, November 17. Individual wages have dropped in many cases to the dole level, says Dr. von Tyszka, of Hamburg University, drawing attention to the sufferings of workers despite the Nazis’ claim of a great reduction in unemployment. Dr. von Tyszka estimates that the wages paid in Germany in 1934 aggregate £250,000,000 from the national income of £500,000,000, compared with £335,000,000 in wages from £608,000,000 income in 1928, although the percentage of employment is 75 compared with 43 in 1933. He added that Germany’s exports had revived, for which it was essential that workers should be satisfied with the low rates. The speech reflects the numerous economic difficulties, including the financing of industry, regarding which Dr. Schacht to-day congratulated the German Savings Bank on the “thankful task” by which they could use the savings entrusted to them by confiding in the public to ameliorate the urgent need of capital by long term investments.