Omaha daily bee., 1919-09-29
Labor Itself Has Sole
Power to Spot Profiteer
And Reduce the H. c.. l..
By WILLIAM TANQUERY.

has complete absolute power place finger on
the profieer, reduce prices and hold them down.
This be done by sabzing and increasing and
standardizing production.
Here's the argument ...s
general rule manufacturers make fixed and,
under ordinary conditions equitable profit the output their
plants
stabilized the wagcost of the finished product
will be the same to all manufacturers
production standardized then each manufacturer will
approximately the amount Of product at approximately the
cost Of production.
Therefore, accepting fair and equitable profit the selling
price Of each manufacturer should be about the
And the who attempts to exact higher profit betrays
, himself like thief in spot light.
All this however merely Introductory to the purpose Of
That in order to reduce the high cost Of things labor must
cheaper production.
Wages admittedly high, should remain they
time Of low low in former past And higher
not possible under present conditions without radical
fundamental and revolutionary adjustment of the relations between
labor and capital With the exception Of isolated instances such
manifested in those few industries complaining by current
kes the question has been settled for time to
Since the wage changed only alternative
reducing the manufacturers already small margin of profit in
creasng production such extent that the total of the smaller
profits the increased production will give the manufacturer
adequate returns
today producing anywhere
the time TAKEN energy consumed and remuneration received
Experts Of unbiased opinion and competent authority estimate
that the efficiency today
its wage is but 40 per cent of what it should be.
Omaha fact only recently,
put certain iron stack in this city
! This stack has to be renewed every years
This built this stack exactly with exactly
the Of for that he built with only
few days
took 20 hours of labor with this build that stack
seven years ago.
it took just the identical rey
to put up the identical stack this time. !
Therefore, to charge
the stack this time, but he didn't make penny profit
And the labor employed the job getting higher wages
didn't profit penny than years for the
that other labor employed the things these compelled
buy doing the thing the stack builders did, getting
without increasing production and thus increasing the cost
of the articles they make and which the stack builders have buy
Possibly the stack built for bakery In that the
baker has charge his bread builders
simply return him the money they made the
tractor profited nothing extra-unless he profieered
What's the answer?
The is that labor has listening cry
leaders to curtai production and take things easy
That all right jusfiabe satisfactory logical years
when there surplus of abor but conditions today
dfferent they reversed and instead of there being surplus
there lack of labor This makes order adjust
the resulting differences conditions there to
production by the lessened amount of labor that available
This not plea for labor to work itself to death beyond
reasonable limits or to give than it compensated for
is plea based the statement that matter of fact
labor not giving value received and in spite of higher
giving even less than did when receiving the old low
I OF memory
Argument manufacturer take advantage this
increased production keep and slip the extra profits
into his pockets demolished by the that with the assistance
of labor the profteer be spotted unergy and the anti
trust and profeering laws be and being enforced
The cheaper prices cheaper the cost of production
And the cheaper the Of production to increase
: production.
This way solve the question the high living
; 1t is the sensible way. It is the only way.
AAAAAA4=
q II.