BONUSES AND BUBBLES.

Pukekohe & Waiuku Times, Volume 9, Issue 581, 5 November 1920, Page 2

BONUSES AND BUBBLES.

In ii'-der to adjust the remuneration of organised workers with successive increases in the cost of living-, without making permanent increases in wages that might become ruinous in the event of a serious drop in prices, the "cost of living bonus" system .was introduced, and so far has acted, fairly well for organised iabofi,r, Init"*tlisastrously for those not working, under awards of the Arbitration;/"Court. ie-aUy we are now'"approarytyw;.ft 1 orn4ng"poinl, and there every iiMlibpod that these_ 'Japlju.vs of, u:h a new one wf !)s po.f/vVivk has j'Vsl"* beejjj annouirced, and 'w'.i -h in jtiu'to selves ate 'responsible f ■■ . n in flabion of ihe co>t of li>. i ; < . will hiing upon New Zealand sin- I :i - ex perienc.e, ,|.. hiiv<» i.i the I nit I'd Kingdojn, v.'bet'e. I:ici w age.i ha-.e ruined a nllllll><■ ;• id -m.ili busii:i and given the lai c.cr concerns a monopoly prices in the United Kingdom and Lhe Cniled States have been dropping latqjy, and New Zeat■' 1 ■'d is hound to become affected be lore long. Would it not Miciefon: b--u'iscr to be prepared to some extent for the coming drop in prices by calling a halt to Tlie bonus adding process instead of piling up the liab i'itics against indu.-,tries until therarc failures and si'ia>he> in wliiclboth the employers and employee \vil| suiler'lhe Dominion has already '.'.one low far wi'li the . and wage?, increase- in be able lo avert bard.siii|. in .-er lain c!;i., ~f. small I railing ' o.a'ei-iis. but ue need j •"I JO on il h I !■,. Ji ,1 cieioie (•i'o:'e,-v i;. 1.1,1 !i ( i:11,;;11.t.-ji I. de ! creases in the pncca ol slaple coin modities. and s<> aggrav*ie the ')!•': Sjiective position for v.'ag': emplovee,-., organised and unorganised, as well t.r for employers.