THOUGHTS OF THE TIMES.
THE REAL SUFFERERS. “The classes who have suffered by the fall are the shareholding class in general, the entrepreneurs (captains of industry) and those thrown out of employment ; they have suffered partly by a direct reduction in the national income, ipartly Iby the transfer of wealth, from them to the rentier and the employed. If an adjustment is brought about by a rise in prices, purchasing power will be transferred from the rentier and from those earning salaries and wages to the shareholder and entrepreneur in the shape of larger profits; though if, as a result of the adjustments, the national output is increased, the salaried and wage-earn-ing class as a whole may easily gain more in increased employment than they lose in the purchasing power of their money earnings.” —From the MacMillan Report.
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Hokitika Guardian, 10 September 1931, Page 4
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138THOUGHTS OF THE TIMES. Hokitika Guardian, 10 September 1931, Page 4
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