The Durant news. (Durant, Miss.) 1882-1985, 1943-07-08
LOOKING
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GOOD LIVING
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Think of six foreign countries; any
six you can name, large or small, rich
or poor. The national income of the
United States of America is equal to
that of all the foreign six put together,
no matter If you select the best half
dozen Of the lot. This means that the
average American earns far more money
than the average citizen of any foreign
country, and accordingly lives better.
But somebody asks: How does this
affect me-? OF course our country is
rich but the big corporations have
everything gobbled up. National in
comes and averages are only statistics,
and | can't spend them. If ! walk down
the street and meet the millionaire who
runs the plant. where ] work, our aver
age wealth may exceed $500,000 but |
am still a poor man. Looking at
another fellows fine car is no joy-ride
to me-"
Investments Help
Perhaps this is only human; this
wishing to change places with some
other person who has more. But one
extremely important fact about industry
is overlooked when people merely wish
and do not reason: Every property
owners investment does more tina one
thing. II creates income for him If it
Is properly managed, and it also inn
proves the income of every person who
works in his establishment. Where in
are large. wages and salaries
are high.
Learned economists have scientific
methods of proving that wages increase
with capital invested. There is no
hocus-pocus about it. People who think
straight understand three things with
out any learned economist to help them:
u) In the long run, people get paid for
what they produce. (2) With the right
equipment, which demands investment,
they can produce more and accordingly
earn more. (3) Good pay means higher
standards of living.
Changeless Facts
Such an arrangement Of simple truths
unfolds the index to Americas pros
perity. Looking at them through the
eyes of the investor they appear thus:
Investments of capital are made to in
crease production; more production
justifies higher wages, and higher
wages puts more money in circulation.
Thus the benefits of invested capital
move from the industrial worker to
merchant and farmer.
The results of this system speak for
.la Wa,as ara tWica ag high
in America as they are in England;
three times as high as in Continental
Europe, and six sometimes 20) times
as high as in the Orient. And. true to
rule, production per man per hour is
on that same ratio. American work
men produce three times as much in an
hour of work as an European; six times
as much as a Jap.
There's A ReaOn
Does the American Workman produce
more and earn more because he works
harder? No indeed! As a matter OF
fact he does not work as hard. Better
results at work, and better pay, come
from the as horsepower of installed
equipment per worker; about $4,000 of
investment per job. The money has
been provided by people who have pros
pered and saved under Americas sys-
TEN of Private Enterprise, and now hope
to prosper further from investment.
Five-talent men, talked about in the
New Testament, exist now just as in
Jesus time, and their business genius
still is rewarded with higher earnings
incomes of some of them look very large
but less than six percent of national
income will pay everybody in America
earning $4,000 a year or more. Invest
ments made by these men keep wages
three times as high in America as IN
Europe. A shout for equalized Incomes
in America is really a cheer for ruined
investments, wrecked machinery and the
living standards of Japan.