LABOR HAVING MACHINERY AND CHEAP PRODUCTION

다국어 초록 (Multilingual Abstract)

There is an evident impression in the minds of some employers of labor in this country at the present day that the only hope of successful competition with foreigin countries, where labor is comparatively cheap, is to be found in a reduction of the wagescale to approximate the low standard prevailing in those countries. Careful observation and study of this important economic problem have convinced the writer that...