“The condition of high wages and low labor cost is. . .”

“The condition of high wages and low labor cost is far from being accepted either by the average manager or the average workman as a practical working basis.

It is safe to say that the majority of employers have a feeling of satisfaction when their workmen are receiving lower wages than those of their competitors.

On the other hand very many workmen feel contented if they find themselves doing the same amount of work per day as other similar workmen do and yet are getting more pay for it.

Employers and workmen alike should look upon both of these conditions with apprehension, as either of them are sure, in the long run, to lead to trouble and loss for both parties.”

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“The condition of high wages and low labor cost is. . .”

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