The Washington times., 1926-09-06
WAGES HIGHEST
. WORK PL E.NTY
SAYS DAVIS

(Copyright. 1925. by international
News seryicel
This Labor Day finds the country
iii state OF recovery after the
Great war. with characteristic
energy, America has solved the
economic and employment problems
that confronted the nation follow
ine the war. We have worked and
progressed with the result Of 1T
tanning b far greater degree OF
stability than the bravest spirit
would have predicted five years
ago.
Industry generally Is on d fairly
satisfactory employment ba SIS
While few activities are faced
with problems growing out Of so
=cfal changes, it is safe to say that
American ingenuity will success
fully handle these problems, az it
has ali others In the past.
The transportation lines are IN
process OF working out the new re.
Iations forced upon them py. the
new feature Of motor transport.
The textile industry is affected BY
the sweeping changes In taste and
styles. The bituminous coal In.
dnstry has its economic drawbacks
But industrial problems like these
might rise at any time and would
have to be reckoned with whenever
they arose.
Industry i Sound
IN every other respect the in
dustry Df this country ID on basis
Of soundess that promises to be.
come permanent. The public may
not be buying with the freedom
that is It's habit during boom
times. but this issa good sign rather
than otherwise.
III proves that our buying public
has learned the lesson Of prudence.
Reckless buying during boom per-
iods has always been followed by
curtailed buying during the newt.
able reaction.
Whereas = more steady and
regular buying policy on the part
of the public means that manli-
featuring may 90 on in a more
regular and systematic manner with
in employment.
The chief characteristics OF this
period ii thus q sound and steady
regularity which enables merchant
and manufacturer to caluculate
public needs with accuracy, to turn
stocks promptly at reasonable
profit, with benefit to the worker
In the form Of steady employment
ait good wages.
At the present time labor gem
orally Is in the fortunate position
OF finding a fairly regular demand
for its service at the highest wages
known to history.
The working man now under
stands as well as his employer the
principles underlying present bust
ness and economic conditions He
is making high speed use Of high
speed machinery. He and his EN-
p1oyer are in better accord today be-
cause they know more than ever
before. and thus we find that the
worker in return for his wages Is
turning out the highest production
in our history.
The spirit of harmony and good
will prevailing between those who
work and those who employ Is by
all odds the outstanding feature in
the National industrial situation.
This is in large measure the secret
of our present prosperity. It Is
that prosperity, indefinitely.
More Power Used
With intelligent workers to rely
upon, the employer has utilized to
the utmost more and more power,
with more and more advanced ma
chinery. In no other country in
the. world is power so freely used.
The result Is that the American
worker has sufficient horsepower at
his elbow to bend to his will, where
elsewhere the worker must turn
out his product with far less help
from the steam engine or the cleo
trio current.
The wage paid to American labor
is a large and integral part of the
economic power of, the land. Our
workers possess the highest pos
sible skill and intelligence.
Our progressive employers have
seen the wisdom of encouraging |
production by means of the liberal
wage. Worker and employer are
now in splendid accord. The guam
tity of production from this COM |
bined energy and good will means.
lower prices and large buying. And I
broad and steady buying spells pros
perity.