HIGH WAGES AND HIGH PRICES.

Taranaki Daily News, 8 November 1919, Page 6

HIGH WAGES AND HIGH PRICES.

A FEW POTNTS TO THINK ABOUT. Tire following well-argued statement of the need for production appeared recently in the Daily Express;— DO YOU KNOW THATThe less you produce, the higher prices will be'? High wages do not necessarily' mean you can buy more or live better? High wagfcs mean that raw materials cost more? High-priced raw materials mean a high price for manufactured articles? A high price for these means that your wages are much less than you think they are? ■ High prices at mean giving a chance to your foreign* rival at Home and abroad? The value of wages is what they can purchase? We are not the only manufacturing country'on earth?

BO YOU KNOW THATThere are others, including— America, France, Italy, And still Germany? That America producers, per man, double the quantity you do? Producing large quantities does not mean lower wages? It does mean we can sell abroad at a lower price? This means we can do a larger trade at Home and abroad? France has now three-fourths of Germany's ores in Lorraine? She .also has now large coal deposits to smelt them? She will build up on these an extensive foreign trade? Here is another competitor for you? You will then have two great competitors? DO YOU KNOW THAT— Industrial Germany is not dead? She can and will quickly restore her industries? She has her eyes on our markets aaid and on our foreign markets ? She intends to capturfe as much of these as she can? You now have three great competitors, And you are doing your best to help them beat you to a "frazzle"? ; DO YOU KNOW THAT—- [ While you are wrangling, they are getI ting busy? You are doing just what they want you to do? ( And that you are killing the jroose" that lays the golden eggs—Trade and Wages?