THOUGHTS FOR THE TIMES.
Tim C'ntlx oi> the Position
Many of our working men have a fair knowledge of economics and know that high costs decrease, and if persisted in, kill demand; the cheaper an article is. the more extensively it will he used, and the more people will be required in its manufacture, but the converso is equally correct; consumption is restricted by high cost, and as the necessity to replace declines the lesser will be the number of workmen required. From this inexorable law there can be no relief, all the trade unions in the world are uilable- to alter It in any way. Wages cannot be maintained at a higher price than the employer is able to receive, as be has to collect those wages from people to whom his goods are sold.—Mercantile Gazette.
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Hokitika Guardian, 29 April 1922, Page 2
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137THOUGHTS FOR THE TIMES. Hokitika Guardian, 29 April 1922, Page 2
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