Perth Amboy evening news., 1923-04-14
! Our Industrial Community
THE I~NDUSTRIALIST SAYS

Standard of Living Depends on
| Standard Of Individual Production.
All the food, clothing and shelter
in the world today, are the result, OF
work inteiligently directed.
Out of production must be paid all
wages for both labor and capital.
It is impossible to divide more
than is produced.
The more each individual pro-
duces. the more there will be to di-
vide.
The only way In which the human
race ever has been able to obtain
| food, clothing and other necessities,
is to produce them.
False Teachings
The idea that it IL to the advan.
tage of the individual to produce as
little as possible and get the highest
possible wage, never has, o never
can, benefit humanity: nor a 1t
permanently benefit any man or
group who practice it.
Suppose the farmers decided to
raise only half as much food and OBJ
tain twice the price in money, how
would it affect all of us.
Certainly we could not have more
food. We car never divide more
| than is produced. Even the farmer
, would no be benefited, as when he
| came to buy the things he needs,
| clothing, shoes agricultural imple-
ments, the increased cost Of living
/ to workers making those articles,
! would increase the price so that the
buying power of his money would
decrease.
| Difference Between Money Wages
and Purchasing Power Wages
Some people make the mistake II
assuming that money has a fixed
value. It has not. A dollar Is worth
what It will buy. A million rubles
will not buy a pair OF shoes II there
are no shoes.
If common labor 10 20 cents pei
hour. and bacon 10 20 cents a pound
and corn 20 cents a bushel an hour
work can be exchanged for a pound
of bacon or a bushel of corn. i
common labor Is so cents an hour
and bacon rs cents per pound. and
corn $3.50 a bushel, II will take ar
hour and q half of work to buy
pound of bacon, and three hour
work to obtain a bushel of rorp. Tn
higher rate of SO cents Is reall,
worth less than the lower rate OF q
cents. That Is what 10 meant b,
real or purchasing power wages, AMI
is different than money wages.
Standard Of Living Depends Entirely
On standard OF Individual
Production
Many people believe that . higl
standard OF living depends on higi
wages. It does not The STANDARD
of living OF any nation. or OF an!
people, depends entirely upon ths
standard or rate OF individual pro
duction. Large individual nroduc'
ton. high standard of living. Low
Individual production--low standard
of living. 1t always has been so and
always will be SO. II ID impossible
to divide more than IL produced.
OF all the civilised nations OF the
world, China has the lowest stand
ard of individual production and tbs
lowest standard of living. Arnerics
has the highest standard OF living
because It has had in the past the
highest standard of individual pro
duction. We produce more and havf
more to divide.
The Chinaman has very crude
tools and implements. He tiiis tbs
soil with a wooden plow about al
efficient as a crooked stick. While
he works hard with his hands ane
back, he has failed to use his head
1.-THE Chinese workman Is an iiiustra'
ton Of a workman not tnteilisenti,
directed. Result; low individual pro
duction, low standard OF living. H
has no modern tools or labor saytnt
machinery, and consequently !;
Chinese farmer will work a who'll
year and his total labor represented
in crops Is so small that he has lit
tie more than is consumed by him
self and family. In order 10 obtaii
clothing and those things he doe
not produce himself, he has 20 trad
some Of the food he has raised an
use less food himself. As he Ia
little to trade. he a only obtain
meager amount OF that which othe
Chinese workmen. who likewise ar
low individual producers, have .
exchange.
Labor Saving Machinery Raises tn
Standard Of Living Because IL
Increases Individual