Labor With Preludes On Current Events PDF Download

Excerpt from Labor: With Preludes on Current Events How much did our wages rise? Thirty per cent. Less than half as much! Statistics gathered by the Massachusetts Labor Bureau, and by the ofii cers who took the last national census, Show that the war currency lifted prices sixty-one per cent, and wages, on the average, thirty per cent. Fiat-money, greenback issues, I should remind my family, made currency plenty, and prices went up, and business was lively; but our wages did not go up as fast as the prices. Will it help us much to go through that experience again? We want fiat - money once more; we want a greenback currency; we want to raise prices! But, if the prices go up faster than our wages, how are we to be helped by the change? How are we to avoid loss by it, and hardship? It is the notorious history of all inflation, that wages are the last things to rise, and when they do start upward they never reach so high a plane as the necessaries of life. When the fall comes, wages go down quicker than prices of food. Therefore I Should say to my family, I purpose to vote for hard money. Out of pity for the working-men let us stand by the honest dollar. [applause. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.