THREATENED WITH COLLAPSE.

Star (Christchurch), Issue 16744, 27 May 1922, Page 9

THREATENED WITH COLLAPSE.

AUSTRALIA’S ECONOMIC EDIFICE.

RESULT OF COMPULSORY ARBITRATION. By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association. (Received Ma v v 27, 9.6 a.m.) SYDNEY, May 27. Following the lead of Melbourne, a movement is being launched by Sudney business men to secure recision of the compulsory clauses of the Federal and State Industrial Arbitration Acts. The promoters of the movement contend that before the compulsory Act came into existence, masters and men occnsiona.ilv had a rousing light, but that on the whole, the industrial machine worked smoothly and efficiently. Since compulsory Arbitration had been introduced. masters and men had been enemies all the time. An impassable barrier had been erected, which mado friendly intercourse and co-operation impossible The industrial machine bad forgotten how to work smoothly and efficiently. The losses in wages exceeded all records, and the output of industry had diminished over 30 per cent in the past five years. Unemployment had reached terrifying dimensions, and the economic edifice was threatened with collapse. The onlv way to overcome these evils and make Australia prosperous and happy was to wipe out the pernicious system of compulsory > arbitration.