Business the Heart of the Nation

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We may not have thought much about them, but if we ever begin to consider them we shall come upon very startling conclusions. For instance, the automatic and unfailing effect of this process is to increase the cost of living. How about that? It steadily increases the cost of living, but for the great majority of people it does not increase incomes. How about that? In the last fifteen years the average cost of liv- ing has increased sixty per cent, but during all this period average wages and sa...laries have in- creased less than twenty per cent. How about that? Suppose the process to go on for a few more years at the present, rate. Then the only possible 1 90 BUSINESS result is a vast, impoverished, underfed, servile population, similar to the people now living and starving in the east end of London, similarly inef- ficient and similarly fatal to national progress. To make sure that no part of this is doctrine or theory, but all merely facts, let us take a look at a detail of the machinery silently at work all about us to produce these results and these only.

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