Excerpt from The American Monthly Review of Reviews, Vol. 27: An International Magazine, January-June, 1903 Mm, This condition that we call good and the Wage times, moreover, has been widely m extended throughout the country. The autumn crops of no State or section were seriously below the average when taken as a whole, and this, in a country of such diversity of climate, soil, rainfall, and other physical con ditions is a remarkable fact. The iron and steel manufacturers have had the largest year in their history by an ...
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Excerpt from The American Monthly Review of Reviews, Vol. 27: An International Magazine, January-June, 1903 Mm, This condition that we call good and the Wage times, moreover, has been widely m extended throughout the country. The autumn crops of no State or section were seriously below the average when taken as a whole, and this, in a country of such diversity of climate, soil, rainfall, and other physical con ditions is a remarkable fact. The iron and steel manufacturers have had the largest year in their history by an enormous margin of gain over the banner year 1901. Nearly all our other indus tries have good reports to make. The earnings of the railroads have been much larger than ever before, and many of them have advanced the wages of their employees by from 10 to 20 per cent. There cannot, of course, be a brisk demand at good, profitable prices for what every body has to sell without some corresponding in crease in the price of those things that every body has to buy. The consequence is, that along with abundant labor and good wages there has been a noticeable increase in the average cost of living. The advantage that the community, as a whole, derives from these periods of industrial activity with profitable prices consists, most of all, in the abundance of employment for every body. The dread of the poor man is not so much the high cost of living as the lack of work. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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