THE UNEMPLOYMENT WASTE.
Tilt! loss to tlio nation, front :i monetary point of view alone, is colossal. Out* million three hundred thousand unemployed persons, whose earning power should he in the neighbourhood of !j;l per week per person, means an annual loss to the nation oi about two hundred million pounds sterling. wonder, therciorc, that the balance ol trade is niovine apainst it. amt that our exports, both visible and invisible, are now beiim exceeded by our imports, the net result of which is that the national wealth is not only no luimer increasing, hut accordion; t'i the most careful esiimates we have now arrived at the point where we are actually having to encroach upon our capital to make ipsal the deficiency in our world trade.”—Mr IC. G. I'atilord, 1M'.0.. .M , 1 *., in his pamphlet entitled " C'neniployment."
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Hokitika Guardian, 30 September 1925, Page 4
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138THE UNEMPLOYMENT WASTE. Hokitika Guardian, 30 September 1925, Page 4
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