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Investments and Profits

Must Wages Come Down?

A most deadly weapon in the armoury of the politicians who defend the interests of the employing class is the assertion that wages must come down because the present rates of pay are “more than industry will bear.” It is put forward by Liberals and Tories, and has been supported by the expert advisers called in to help the Labour Government. It is accepted by large numbers of workers, and is more than half-believed by the Labour leaders themselves. It is not true.

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