The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-17
Drive Against the Wages Of American Workers
Is On the Cards


European manufacturers of steel and steel products developing
Germany has followed in establishing practically pro
hbve tariffs these commodities while making intensive Ell
forts to break into the American market.
According Ebert H. Gary of the United States Steel Cor
poraon the competition the European market has forced
considerable reduction prices secured abroad and the
Atlantic eaboard by his Although the export tonnage
showed gain, net profits were lower
In his report stockholders Gary said "The average
price received for domestic and tonnage combined was
Sl2S ton less than in 1928 Frlces ootamaOe IN the
foreign markets extent for domestic tonnage in
kets bordering the Atlantic Gulf and Pacific coasts
relatively low owing the competition OF the
European manufacturers whose labor costs in production and
transportation materially less than those Of the mills in the
United States
Commenting these facts the New York Herald Tribune
says edtorialy:
he increased duties have all the appearance Of being
taliatory Fordney NcCumber Tariff Act aimed par
tcularly at Germany The promptness with which Ger
many fighting the forecast Of Colonel
Ayres president of the Cleveland Trust Company
and notably keen business observer He predicted that before
long shall something which have never seen be-
forenamey procession of manufacturers calling con-
to lower the tariff Our productive capacity is constantly
expanding and more and shall feel the need of free mar
kets abroad"
The handwriting is on the wall and the American working
class needs to take the warning it gives to heart.
American gold saved capitalism in Germany and that CAPT
asm at the of the German working class cha
longing American capitalism for the markets which take the
ducts of basic industry American finance capital anxious O
protect its loans to Europe has victory industrial
capital victory the cost of which industrial capital backed
by the bankers this instance win try to make the American
working class bear
How will American capitalists proceed to meet this competi
ton? By the time honored method of reducing The New
York Times speaking of this question says:
Their the steel Manufacturers greatest disadvantage in
present competitive struggle the relatively high Of
labor There has been talk recently of reductions in
The steel cener but officials of the largest companies have de-
MED any general cut is contemplated"
There probably will general Immediately,
for the that this would united opposition by the
workers. but that there will be series of cuts affecting various
departments there can be no doubt
America under pressure of the world situation with
European workers crushed the Dawes plan its
tons forced the interest and principal charges billions
of debts is discovering that the mortgages held European
governments and industries by American bankers cannot be paid
unless Europe sell in this country and other markets now
supplied by America.
is clear that the present tariff wall America
ing brake the further expansion of American finance
capital
The American working in competition with lower
paid European workers inf spite of the immigration restrictions
The next thing the cards steady drive the wages and
living standards of the American working class This will take
place whether there downward revision of the tariff not
The labor leadership that has accepted the workerempoye
cooperation doctrine and putting it into practice that put
ting forward theory American capitalism has developed
system that avoids industrial depression by creating
exhaustbe domestic market that with increasing
foreign competition the same machinery that now gives small
increases will be utilized to force huge the
workers.
Now the organize unorganized strengthen
trade unions build labor party and the working class
Tor struggle If the task shed and sabotaged the American
will learn only by bitter experience that American CAPT
asm has solved nothing but has, by forcing down the standards
Of European workers lowered the level to which will try to
shove the American
The Dawes plan pictured by capitalist apologsts guse
Of the dove Of in reality vulture which will be
tearing at the vitals of the American working class
4000000O0 people in China in revolt after centuries of
native and foreign oppression There thousands of foreigners
China but not single has lost his life in the last
since the nationalist revolution took definite shape
is not the lives of their citizens and subjects the mperas
worrying about is for this that battle
ships and troops sent to China 1t is the plumber
the Chinese the that is being torn from their
hands by these same that brings the threat of armed
Intervention.
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