Indiana daily times. [volume], May 16, 1921, Last Home Edition, Page 7, Image 7

About Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922

Image provided by: Indiana State Library

                
V' . ~
Wages—or Prices?
%
What are “normal” wages?
“Normal” is NOT a certain, fixed given LEVEL that can
be determined in advance.
It is merely a RELATIONSHIP between things.
.War Twisted Them
Before the 'war -what might he IE KM ID a
w normal” relationship EXISTED between ALL
prices.
Then came the war with its EMERGENCIES
tod tamed the world UPSIDE DOWN. '
Prices were no EXCEPTION.
They, TOO, were twisted all out of their
previous relationships—as was the BEST of the
world. '
Some went very HlGH—others not so high.
Others, still, increased only modestly—all de
pending on the pub lie DEMAND for various ar
ticles and commodities.
But, prices were TWISTED out of any sem
blance of a sane, normal, orderly relationship,
one with another.
"■ 1 1 " ■■— l ".
Peace Restores Them
The change that is now in progress is a
RESTORATION of a NORMAL RELATION
SHIP between price?.
The inequalities that grew up with the war,
due to EMERGENCY conditions, are PASSING
—just as the CONDITIONS which CREATED
these inequalities have PASSED.
Jt would be just as IMPOSSIBLE to con
“Norma!” is a relationship not a level
INDIANA DAILY TIMES, MONDAY, MAY 16,19Z1.
tirrae these INEQUALITIES, ms it was to con
tinue the WAR forever.
What we are witnessing is a RESTORATION
of old BALANCES piA RELATIONSHIPS be
tween PRICES.
This is quite a DIFFERENT tiling from arc*
turn to OLD PRICES.
Don’t CONFUSE the two ideas.
Old Prices Are Gone
A
Prices will never go back to the old low
levels. There’s little chance of THAT.
New LEVELS of prioes—gradually higher
and higher, have been established year after
year from the Civil War forward.
But it has been a SOUND and ORDERLY
INCREASE—based on sound ECONOMIC
principles—and keeping step with HIGHER
STANDARDS OF LIVING.
We are NOT going back to pre-war levels,
any more than we are going back to Civil War
levels of prices.
But we are going to get INTO LINE with
the sound progress of prices as it has developed
in the many years of peace and indvLstry—-
We are taking the war OUT of prices.
We are going to have a PEACE-TIME re
lationship between prices, instead of War-Time
relationships.
How Your Prosperity
Is Being Assured — No. 2
Living Costs Less
Prices are getting IN LINE on a peace-time
basis—getting back into a proper RELATION
SHIP with one another.
The high prices are being READJUSTED
downward toward whatever the new price-level
is to be. .j
The movement Is in FULL SWING. Slowly
but steadily the cost of living has decreased from
its peak of last June. Food costs LESS. Gothes
cost lESS. These facts are shown in the U. S.
Department of Labor’s statistics. The Depart
ment’s figures show that the price of LABOR is
coming down, ALSO.
ALL prices are responding to an inevitable
LAW which brings with it ORDER, STABIL
ITY and PROSPERITY.
The adjustment is sound and of benefit to
ALL A reduction in the price of labor is a re
duction in NAME only.
With all prices declining to anew level, each
dollar buys more than it did before. And it’s
what a dollar will BUY that is the FOUNDA
TION of our desires.
We want money for what it will BUY. If
it would buy NOTHING, we wouldn’t want it at
ALL.
Happiness and satisfaction come through the
attainment of what we desire. If we can still
buy what we WANT, with LESS money, that’s
the one important thing after all .
Copyright, 1931, Bldeaer & Vinßiper.
7