THE LAW OF SUPPLY AND DEMAND.
Sir, —I am in a quandary, which I should be pleased if you can remove. Whenever I complain of the rise in prices I am met by the economist with the cry, "This is the result of the operation of the law of supply and demand. Given a greater demand than supply, the price of foodstuffs, as of everything else, land included, automatically rises." "Quite so," I reply, "then why not the price of labour?" Wo have, sir, sent away or hayo in training some 23,000 young men in the prime of life, to that extent depleting the labour market. Yet I have not heard of any rise in wages yet in any part of tbo country. How is it that this oft-quoted economio law seems to apply only to the merchant and landowner and not to the man who has only his labour to sell? Can any of your readers kindly enlighten me?— I am, etc., ANXIOUS. [Our correspondent may perhaps lind the answer he seeks in the obvious fact that at present any special demand for labour, in the towns at least, does not exist.]
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Dominion, Volume 8, Issue 2482, 8 June 1915, Page 8
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193THE LAW OF SUPPLY AND DEMAND. Dominion, Volume 8, Issue 2482, 8 June 1915, Page 8
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