THOUGHTS FOR THE TIMES
The Economic Position. New Zealand unfortunately cannot sell all, or nearly all, or a big proportion of her chief products within her own borders, nor can she in many industries pay her workmen what they are worth. She has to sell three-quar-ters of her produce in open markets on the other side of the world, though it is grown, gathered, and transported under tho direct or indirect handicap of a wage-fixing machine which can take very little account of economics. If wages went up, while production remained stationary, there would not only be no magical return of trade and prosperity, but as sharp a slump in a season or two as tho Dominion has ever known, with the apple-cart “stabilised ” in the ditch. —“ Christchurch Press.”
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Hokitika Guardian, 1 October 1927, Page 2
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129THOUGHTS FOR THE TIMES Hokitika Guardian, 1 October 1927, Page 2
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