THOUGHTS FOR THE TIMES.
EFFECT OF A WAGES CUT. / H-' Mr Poison, President of the Farmers’ Union, 1 while deprecating the view that costs generally speaking! depend on wages, was even more emphatic in his opposition to the proposal to cut | down wages in the rural industries. He says rightly 'that no reasonable man wants to see the worker’s standard.of , ; comfort lowered, and we agree with him that a 10 per cent, fall in wages \‘t would have a tragic effect • upon our y.'f industrial life. Not only would it in , many cases reduce the wage-earner to . penury and desperation, but through 1 the fall' in the public,purchasing power . - it would react most disastrously on our: economic and financial 1 condition. If tne worker gets high wages, he spends his surplus freely. But a fall in wages ;y, would mean that trade would decline, imports would decrease, taxation would need to be readjusted, and "there would ‘' be “a general dislocation far: greater : than the amount of relief the farmer would obtain.” • .' 1 —Auckland Star.
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Hokitika Guardian, 3 August 1929, Page 4
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174THOUGHTS FOR THE TIMES. Hokitika Guardian, 3 August 1929, Page 4
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