STATIC WAGES COSTS
“ROOT OF PRESENT TROUBLE.” “What is the root cause of the position we have got into —a position which has Caused' the raising of the exchange rate to be considered?” said Mr ,T. P. Luke, president of the Wellington Chamber of Commerce, addressing.a special meeting of the council. A member: Too much borrowing. “No," said Mr Luke. .“If you go back far enough you’ll And that the reason for ail these troubles is the Industrial Conciliation and Arbitration Act. ’ That Act has controlled and frozen the one commodity that Is the basis of every commodity. Every cost eventually is a wages cost, and the I. C. and A. Act has made wages costs static while every other cost lias moved.”
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Bibliographic details
Waikato Times, Volume 112, Issue 18805, 29 November 1932, Page 4
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123STATIC WAGES COSTS Waikato Times, Volume 112, Issue 18805, 29 November 1932, Page 4
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