Business is not yet sufficiently well
organized and its objectives are not yet sufficiently clear to make it
possible to pay more than a fraction of the wages that ought to be paid.
That is part of the work we have before us. It does not help toward a
solution to talk about abolishing the wage system and substituting
communal ownership. The wage system is the only one that we have, under
which contributions to production can be rewarded according to their
worth. Take away the wage measure and we shall have universal injustice.
Perfect the system and we may have universal justice.
I have learned through the years a good deal about wages. I believe in
the first place that, all other considerations aside, our own sales
depend in a measure upon the wages we pay. If we can distribute high
wages, then that money is going to be spent and it will serve to make
storekeepers and distributors and manufacturers and workers in other
lines more prosperous and their prosperity will be reflected in our
sales. Country-wide high wages spell country-wide prosperity, provided,
however, the higher wages are paid for higher production.
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