The Seattle Star Newspaper, October 4, 1919, Page 16

THE SEATTLE STAR All this talk about the “good old times of our fathers” is sheer hum- bug! The average citizen today has cozforts and conveniences in his home—whether it be on the farm, or a cottage in the city—that were not enjoyed by Queen Elizabeth or VS. Aetiicin Workin The American workman lives better, works in better : factories under more favorable conditions, is better Lives Best paid and is really more contented than any other work- man in the world. In fA : The average annual income of our working people come of American | is four times as great as the annual income of the People Greatest in other peoples of the world. Our population is but the Entire World one-sixteenth of the human race, our income four- sixteenths. The United States has seven per cent of the land area of the world, with but six per cent of the population. . Before the war we owed Europe five billion dollars. Today the situa- The World Needs tion is reversed. Europe must pay us money for materials we must send M for reconstruction there, or at least pay us interest on the credit we have American Products extended to her. Therefore, our exports will undoubtedly greatly exceed our imports for at least the next five or six years. Europe today needs tools, machinery, raw materials, etc., for her reconstruction. Without them, she is helpless. ° There is practically no unemployment in our country, with the excep- Unemployment in tion of that caused momentarily by strikes, or which has resulted from America Very Small slight delays necessary to readjustment. Even with most of the soldiers now home from service abroad, there is a scarcity of labor. Farmers have paid exceedingly high wages to get their crops harvested. if We are permanently on a higher price level. Inorder to maintain this high Increased Production wage scale, it is absolutely essential production must not be curtailed. The ° manufacturer must eventually make his profit thru an increased volume Must Be Attained to of business, with less profit per unit of product, and so keep the produc- Maintain High Wages tion cost low in the face of high wages by more efficient machinery, im- proved methods of management and particularly by the co-operation and earnest efforts of all—employer and employes alike. This Page Contributed by Representative Seattle Business Concerns (COPYRIGHT)